Ministry of Economy and Finance to Issue 12 Trillion Won in July Treasury Bonds

[Asia Economy Sejong=Reporter Kwon Haeyoung] The Ministry of Economy and Finance announced on the 23rd that it will issue government bonds worth 12 trillion won through a competitive bidding process on July 12.

The scale of government bond issuance next month will be about 2.2 trillion won less than the issuance scale in June (14.2 trillion won). The issuance volume by maturity is ▲ 2-year bonds 1 trillion won ▲ 3-year bonds 2 trillion won ▲ 5-year bonds 2 trillion won ▲ 10-year bonds 2.2 trillion won ▲ 20-year bonds 700 billion won ▲ 30-year bonds 3.7 trillion won ▲ 50-year bonds 400 billion won. Inflation-linked government bonds will also be issued at a scale of 100 billion won.

To alleviate the refinancing burden caused by maturity concentration at specific points, the Ministry plans to repurchase government bonds worth a total of 2 trillion won once before maturity. To enhance government bond liquidity, exchanges of about 200 billion won between elapsed and benchmark issues of 10-year and 20-year bonds, and about 100 billion won between elapsed and benchmark issues of inflation-linked bonds will also be conducted respectively.

Looking at the government bond issuance interest rates in June, the 2-year bond recorded 3.055%, the 3-year bond 3.275%, the 5-year bond 3.890%, and the 10-year bond 3.690%.

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