Gov’t selects buyers for 50-year Treasurys

[THE INVESTOR] KB Kookmin Bank and nine securities companies have been selected to purchase 50-year Treasurys, the Ministry of Strategy and Finance revealed on Sept. 30.

Along with KB Kookmin Bank, Daishin Securities, Dongbu Securities, Mirae Asset Securities, Mirae Asset Daewoo, Meritz Securities, Samsung Securities, NH Investment and Securities, Hyundai Securities and Shinhan Investment will acquire 1.1 trillion won (US$ 997.77 million) worth of the Treasury bonds that will be issued on Oct. 11.

The yield will be four basis points higher than the average for 10-year Treasurys in the three working days before Oct. 11.

By Choi He-suk (cheesuk@heraldcorp.com)