MoEF Plans to Issue 13.4 Trillion Won in Government Bonds in June This Year

[Asia Economy Reporter Joo Sang-don] The Ministry of Economy and Finance announced on the 28th that it plans to issue government bonds worth approximately 13.4 trillion won in June this year through a competitive bidding process involving Primary Dealers (PDs) and others.

If the general public submits bids through government bond Primary Dealers by the day before the bidding, they will be given priority allocation within 20% (a total of 2.53 trillion won) of the planned competitive bidding issuance amount, excluding 50-year bonds. Each PD can additionally purchase government bonds within 10-35% of the competitive bidding winning amount by bond maturity within 3 business days after the winning date.

For inflation-linked government bonds, each strip PD can purchase strip bonds by maturity within 3 business days after the winning date, up to 160 billion won per maturity (210 billion won for 10-year and 30-year bonds), with a maximum of 20 billion won. Also, each PD can apply for inflation-linked government bonds within 10% of 100 billion won on the day of and the day after the 10-year bond bidding. The general public can apply through PDs up to 10 billion won (10% of the planned issuance amount of inflation-linked government bonds for the month) by the day after the 10-year bond bidding date.

This content was produced with the assistance of AI translation services.