Ministry of Economy and Finance to Issue 4.5 Trillion Won in Treasury Bonds in September
The Ministry of Economy and Finance announced on the 31st that it plans to issue treasury bills (63-day maturity) worth a total of 4.5 trillion won in three rounds during September to support smooth fiscal execution.
The government utilizes treasury bills, which are short-term government bonds (63-day maturity) that must be repaid within the year, and temporary borrowing from the Bank of Korea to cover temporary cash shortages caused by timing mismatches between revenue and expenditure.
In September, 4.5 trillion won worth of treasury bills will be issued in three installments of 1.5 trillion won each week, and the entire amount will be used to repay the July-issued bills maturing in September.
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The issuance of treasury bills will be conducted through a competitive bidding process targeting a total of 33 institutions (excluding duplicates), including 22 monetary stabilization bond bidding institutions, 18 government bond primary dealers, 4 reserve government bond primary dealers, and 3 government fund management institutions.
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