Government to Issue 13.3 Trillion KRW in Treasury Bonds in August

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The government will issue government bonds worth 13.3 trillion won next month through a competitive bidding process.

The Ministry of Economy and Finance announced on the 30th that it plans to issue 2.9 trillion won of 3-year government bonds, 2.5 trillion won of 5-year government bonds, 3.15 trillion won of 10-year government bonds, 900 billion won of 20-year government bonds, 3.1 trillion won of 30-year government bonds, and 750 billion won of 50-year government bonds.

The government decided to allocate up to 2.51 trillion won, which is 20% of the competitive bidding issuance amount excluding the 50-year bonds, as a priority for the general public participating in the bidding.

Each government bond primary dealer (PD) can additionally purchase within 3 business days after the winning bid date, up to 10-35% of the winning bid amount by bond maturity.

STRIPS (Separate Trading of Registered Interest and Principal of Securities) PDs can purchase up to 20 billion won within the ranges of 208 billion won for 3-year and 5-year bonds, 258 billion won for 10-year and 30-year bonds, and 160 billion won for 20-year bonds.

Inflation-linked government bonds can be applied for on the day of and the day after the 10-year bond bidding date within 10% of the monthly issuance amount of 100 billion won per PD.

The general public can apply through PDs by the day after the 10-year bond bidding date within 10% of the monthly issuance amount of inflation-linked government bonds, which is 10 billion won.

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