Toss Bank Launches Overseas Bond Service Linked with Korea Investment & Securities
Three Types of U.S. Treasury Bonds... Minimum Subscription Starting from $100
Toss Bank announced on the 4th that it will launch a service introducing overseas bonds, including U.S. Treasury bonds available for investment through the Korea Investment & Securities linked account on its own asset management platform, ‘Mokdon Gulli-gi’ (Large Sum Investment).
The U.S. Treasury bonds introduced by Toss Bank can be traded on weekdays from 10:00 AM to 3:30 PM, with a minimum subscription amount of $100 (approximately 130,000 KRW). U.S. Treasury bonds are bonds issued in dollars and can be purchased immediately after currency exchange through the linked accounts of Toss Bank and Korea Investment & Securities. Up to 90% preferential exchange rates are applied when trading overseas bonds.
The maturities of U.S. Treasury bonds are 5 months, 11 months, and 26 years, offering pre-tax yields of 5.82%, 5.42%, and 5.91%, respectively. Toss Bank has enabled investors to check the interest amount receivable before maturity and the expected maturity amount through a ‘Profit Calculator’ to assist in investment decision-making.
Overseas bonds are products that can expect trading gains or foreign exchange gains depending on market conditions. However, losses may occur due to changes in credit rating, interest rates, or exchange rates.
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A Toss Bank representative said, “Among overseas bonds, U.S. Treasury bonds are especially popular as a stable investment tool and are highly utilized as an investment means for retirement preparation or accumulating large sums of money. In addition to U.S. Treasury bonds, we will add more diverse investment products such as high-quality corporate bonds to provide customers with more varied investment opportunities.”
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