Ministry of Economy and Finance to Issue 8 Trillion Won in Fiscal Bonds Next Month

The Ministry of Economy and Finance will issue treasury bills worth 8 trillion won in four rounds next month 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 mismatches in the timing of revenue and expenditure.

The issuance of treasury bills will be conducted through a competitive bidding process targeting a total of 33 institutions (duplicates removed), 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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