Ministry of Economy and Finance to Issue 9 Trillion KRW in Treasury Bonds in October

[Asia Economy Sejong=Reporter Kwon Haeyoung] The Ministry of Economy and Finance announced on the 29th that it will issue government bonds worth 9 trillion won through a competitive bidding process in October.

The scale of government bond issuance next month will be about 2.5 trillion won less than the issuance amount in September (11.5 trillion won). The issuance volume by maturity is ▲ 2-year bonds 1.3 trillion won ▲ 3-year bonds 1.3 trillion won ▲ 5-year bonds 1.4 trillion won ▲ 10-year bonds 1.7 trillion won ▲ 20-year bonds 600 billion won ▲ 30-year bonds 2.3 trillion won ▲ 50-year bonds 300 billion won. Inflation-linked government bonds will also be issued at a scale of 100 billion won.

The Ministry of Economy and Finance plans to purchase government bonds worth a total of 1.5 trillion won once before maturity to ease refinancing burdens caused by concentration of maturities at a specific point in time. To enhance government bond liquidity, an exchange of about 300 billion won will be conducted between elapsed 10-year and 20-year bonds and benchmark 30-year bonds.

Looking at the government bond issuance interest rates in September, the 2-year bond recorded 3.690%, the 3-year bond 3.585%, the 5-year bond 4.345%, and the 10-year bond 3.765%.

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