Updated Saturday, October 17, 2009 2:09 pm TWN, Bloomberg

Taiwan sells NT$40 bil. in 2-year bonds to 0.349% yield

Taiwan's government sold NT$40 billion in two-year notes at a yield of 0.349 percent, the central bank said yesterday in a statement.

The sale attracted bids for 1.84 times the amount of debt on offer, compared with a so-called bid-to-cover ratio of 2.2 times at the previous auction of comparable debt on May 15, 2007, according to the statement. The yield at the last sale was 1.932 percent.

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