Ministry of Economy and Finance to Issue KRW 14.5 Trillion in Government Bonds Next Month

[Sejong=Asia Economy Reporter Son Seonhee] The Ministry of Economy and Finance announced on the 27th that it plans to issue government bonds worth approximately 14.5 trillion won in June through a competitive bidding method involving professional dealers (PDs) and others.

Professional dealers and the general public can purchase a certain amount at the highest winning bid rate during the competitive bidding for each maturity through a non-competitive subscription method. The general public is given priority allocation within 20% (2.82 trillion won) of the planned competitive bidding issuance amount. The 50-year bonds are excluded.

Each professional dealer can additionally purchase between 5% and 35% of the winning bid amount from the competitive bidding within 3 business days after the winning date.

Each strip professional dealer can purchase up to 20 billion won within the range of 208 billion won for 3- and 5-year bonds, 258 billion won for 10- and 30-year bonds, and 160 billion won for 20-year bonds within 3 business days after the winning date.

The Ministry of Economy and Finance added that it plans to conduct an exchange of about 300 billion won between the 10-year and 20-year elapsed bonds and the 30-year benchmark bonds to improve government bond liquidity.

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