May Issuance of 2 Trillion Won in Treasury Bonds...Repayment of Existing Issues
[Sejong=Asia Economy Reporter Moon Chaeseok] The Ministry of Economy and Finance announced on the 7th that it plans to issue treasury bonds worth 2 trillion won within this month.
This issuance will be conducted twice through a competitive bidding process involving institutions bidding for Monetary Stabilization Bonds and specialized dealers in government bonds. The funds raised will be used to repay previously issued treasury bonds.
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Treasury bonds refer to securities issued in the financial market to cover temporarily occurring shortages in the national treasury.
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