Ministry of Economy and Finance to Issue 11 Trillion KRW in September Treasury Bonds... 2 Trillion KRW Bond Buyback Before Maturity

[Sejong=Asia Economy Reporter Son Seonhee] The Ministry of Economy and Finance announced on the 26th that it plans to issue government bonds worth a total of 11 trillion won next month through a competitive bidding process. Additionally, to ease refinancing burdens, it will purchase government bonds worth 2 trillion won before their maturity.

On this day, the Ministry of Economy and Finance revealed the government bond issuance plan. Professional dealers and the general public can acquire a certain amount at the highest winning bid rate during the competitive bidding for each maturity through a non-competitive subscription method in addition to the competitive bidding method. When the general public submits a bid through a professional dealer, priority allocation will be made within 20% of the planned competitive bidding issuance amount. Professional dealers can additionally acquire within 5-35% of the competitive bidding winning amount within 3 business days after the winning date.

The purchase of government bonds worth 2 trillion won is in accordance with the government bond repayment plan announced during the formulation of the second supplementary budget.

Furthermore, to enhance government bond liquidity, the Ministry of Economy and Finance will conduct exchanges worth about 100 billion won between inflation-linked bonds past issues and benchmark issues. It also plans to conduct exchanges worth about 200 billion won between 10-year and 20-year past issues and 30-year benchmark issues.

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