BOK to Issue 6.1 Trillion Won in Monetary Stabilization Bonds Next Month
The Bank of Korea announced on the 23rd that it plans to issue 6.1 trillion won worth of Monetary Stabilization Bonds next month. This amount is 5.3 trillion won less than the issuance plan for this month.
Of this, 5.5 trillion won will be issued through competitive bidding, and 500 billion to 600 billion won will be issued through subscription.
The Bank of Korea also plans to redeem 1.5 trillion won worth of Monetary Stabilization Bonds early next month.
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Monetary Stabilization Bonds are securities issued by the Bank of Korea to banks, financial institutions, or the general public to control the money supply.
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