SEOUL, Sept 30 South Korea's finance ministry
said the premium for holding the nation's first 50-year treasury
bonds will be 4 basis points over its benchmark 10-year notes.
The ministry plans to issue bonds worth 1.1 trillion won
($1.00 billion) on Oct. 11, at the nation's longest-ever
maturity of 50 years, it said in an emailed statement on Friday.
The final yield for the issuance will be the spread plus the
average yield for the benchmark 10-year notes for the preceding
three business days.
The nation's 10-year bonds currently yield 1.46 percent.
($1 = 1,098.6000 won)
(Reporting by Cynthia Kim; Editing by Amrutha Gayathri)