Next Month, 6 Trillion Won of Treasury Bonds Issued... Entire Amount Used for Maturity Repayment
[Asia Economy Reporter Joo Sang-don] The Ministry of Economy and Finance announced on the 28th that it plans to issue a total of 6 trillion won in treasury bills (63-day maturity) in four rounds during May.
The funds raised through the issuance of treasury bills (6 trillion won) will be used to repay 7.8 trillion won of treasury bills maturing in May (issued in March). Accordingly, the outstanding balance of treasury bills at the end of May is expected to decrease by 1.8 trillion won from the previous month to 11 trillion won.
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Treasury bills are securities issued in the financial market (with maturities of 63 days or 28 days) to temporarily cover shortages in the treasury cash flow. They are issued through a competitive bidding process targeting Monetary Stabilization Bonds bidding institutions (20), government bond primary dealers (17), reserve government bond primary dealers (5), and treasury fund management institutions (3).
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