UPDATE 1-S.Korea fin min issues $1.3 bln of forex bonds – Reuters

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SEOUL, Oct 7 (Reuters) – South Korea’s finance ministry on Thursday said it sold dollar bonds of 10-year tenure and 5-year euro bonds worth $1.3 billion in total, as part of its foreign exchange stabilization bond programme.

The dollar bonds worth $500 million, has been issued at a 25-basis-point premium over 10-year U.S. Treasuries, at 1.769%, the ministry said in a statement.

The euro-denominated bonds worth 700 million euros was issued at -0.053%, 13 basis points over 5-year euro mid-swap.

The dollar bond sale was four times oversubscribed, while the euro bond sale was six times oversubscribed.

Reporting by Cynthia Kim; Editing by Himani Sarkar & Shri Navaratnam

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