Ministry of Economy and Finance to Not Issue Non-Competitive Subscription Treasury Bonds in July Recruitment Method
[Asia Economy Reporter Ryu Tae-min] The Ministry of Economy and Finance announced on the 8th that it has no plans to issue government bonds through non-competitive subscription this month. The ministry explained that this decision was made considering the government bond issuance performance in June and July and the recent supply and demand conditions of government bonds.
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Non-competitive subscription is a system where a pre-announced amount is issued at a fixed interest rate to reduce the volatility of monthly issuance volumes. According to the Ministry of Economy and Finance, the government bond issuance performance for June and July totaled 24.2 trillion won, with 14.6 trillion won in June and 9.6 trillion won in July.
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