Mirae Asset Securities Announces Subscription for Personal Investment Government Bonds in March 2026

Mirae Asset Securities announced on March 11 that it will open subscriptions for personal investment government bonds in March.

This subscription period runs for five business days, excluding public holidays, from today until March 17. Applications can be submitted from 9 a.m. to 4 p.m. at Mirae Asset Securities branches nationwide or via the M-STOCK mobile trading system.

The total issuance amount is 180 billion won, an increase of 10 billion won from the previous month. By bond type, the issuance breakdown is as follows: 60 billion won for 5-year bonds (unchanged from the previous month), 90 billion won for 10-year bonds (an increase of 10 billion won from the previous month), and 30 billion won for 20-year bonds (unchanged from the previous month).

The additional interest rates for the March bonds are 0.2% for the 5-year, 1.0% for the 10-year, and 1.28% for the 20-year. If held to maturity, the pre-tax yield will be 19.27% (annual average 3.85%) for the 5-year, 58.39% (annual average 5.83%) for the 10-year, and 158.22% (annual average 7.91%) for the 20-year bond.

For the first time in January and February, all three maturities—5, 10, and 20 years—were oversubscribed in consecutive months. In February, the 5-year bond attracted approximately 114.9 billion won for a 60 billion won offering (competition rate of 1.91 to 1), the 10-year bond attracted approximately 220 billion won for an 80 billion won offering (competition rate of 2.75 to 1), and the 20-year bond attracted approximately 66.7 billion won for a 30 billion won offering (competition rate of 2.22 to 1).

The total subscription amount in February was approximately 401.7 billion won for a total offering of 170 billion won (competition rate of 2.36 to 1). This is attributed to a combination of several factors: improved investment appeal due to institutional reform by the Ministry of Economy and Finance, strong market demand for stable assets, and increased additional interest rates on longer-term bonds of 10 years or more.

Personal investment government bonds are savings-type government bonds issued specifically for individual investors, characterized by high stability as they are backed by the state. If held to maturity, interest is paid on a compound basis by combining the coupon rate and the additional interest rate, and up to 200 million won of the purchase amount is eligible for separate taxation on interest income.

Investors can start with as little as 100,000 won and there are no transaction fees. Early redemption is allowed after one year (from the 13th month), but in this case, only interest based on the coupon rate is paid, and compound interest or separate taxation benefits do not apply.

A Mirae Asset Securities representative stated, "Personal investment government bonds are attracting nationwide attention due to the stability of government bonds, the yield resulting from additional interest rates and compound interest when held to maturity, and the benefit of separate taxation on interest income for purchases up to a total of 200 million won. With the latest institutional improvements, these bonds have become even more attractive, and we expect them to contribute to stable asset building for the public. As the sole distributor, Mirae Asset Securities will provide reliable service and do our utmost to ensure that more people can conveniently access these products."

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