Government to Issue 3 Trillion Won in Treasury Bonds in September... Outstanding Amount Reaches 8 Trillion Won

[Sejong=Asia Economy Reporter Kim Hyunjung] The Ministry of Economy and Finance announced on the 28th that it plans to issue a total of 3 trillion won in treasury bills (63-day maturity) in three rounds during September to support smooth fiscal execution.

Treasury bills are securities issued in the financial market (with maturities of 63 days or 28 days) to cover temporary shortages in the treasury's cash flow. They are conducted through competitive bidding targeting monetary stabilization bond bidding institutions (20), government bond primary dealers (17), reserve government bond primary dealers (4), and treasury fund management institutions (3).

The funds raised through the issuance of treasury bills this month (3 trillion won) will be fully used to repay existing treasury bills. The outstanding balance of treasury bills at the end of September is expected to decrease by 1 trillion won from the previous month to 8 trillion won.

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