Ministry of Economy and Finance Plans to Issue 13.6 Trillion KRW in July Treasury Bonds

[Asia Economy Reporter Kwangho Lee] The Ministry of Economy and Finance announced on the 25th that it plans to issue approximately KRW 13.6 trillion worth of government bonds in July this year through a competitive bidding process involving Primary Dealers (PDs) and others.

The KRW 3.1 trillion 3-year government bonds to be issued on the 30th will be consolidated and issued under the code 'Gukgo01000-2306'. Of the KRW 2.7 trillion 5-year government bonds to be issued on the 7th of next month, KRW 1.6 trillion will be consolidated and issued under 'Gukgo01500-2503', and KRW 1.1 trillion will be newly issued (pre-issued) under 'Gukgo00000-2509'.

Additionally, the KRW 3.3 trillion 10-year government bonds to be issued on July 14 will be consolidated and issued under 'Gukgo01375-3006', the KRW 1.2 trillion 20-year government bonds to be issued on July 21 under 'Gukgo01125-3909', and the KRW 3.3 trillion 30-year government bonds to be issued on July 1 under 'Gukgo01500-5003'.

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 KRW 2.72 trillion) of the competitive bidding issuance amount, excluding the 50-year bonds.

Each PD can additionally purchase government bonds within 10-35% of the competitive bidding winning amount within 3 business days after the winning date for each bond maturity.

For inflation-linked government bonds, each strip PD can purchase strip bonds within 3 business days after the winning date for each bond maturity, up to KRW 208 billion for 3-year and 5-year bonds, KRW 258 billion for 10-year and 30-year bonds, and KRW 160 billion for 20-year bonds, with a maximum of KRW 20 billion per purchase.

Also, each PD can apply for inflation-linked government bonds within 10% of KRW 100 billion on the day of and the day after the 10-year bond auction. The general public can apply through PDs within KRW 10 billion (10% of the monthly inflation-linked government bond issuance amount) until the day after the 10-year bond auction.

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