Ministry of Economy and Finance to Issue 4 Trillion Won in Treasury Bonds in June

Published 28 May.2021 15:00(KST)

[Asia Economy Reporter Jang Sehee] The Ministry of Economy and Finance announced on the 28th that it plans to issue 4 trillion won worth of treasury bonds in five installments during June.

This treasury bond issuance will be conducted through a competitive bidding process involving 20 Monetary Stabilization Bonds bidding institutions, 17 government bond primary dealers, 4 reserve government bond primary dealers, and 3 treasury fund management institutions.

The government plans to use the funds raised through this issuance to repay previously issued treasury bonds.

Treasury bonds refer to securities issued in the financial market to cover temporary shortages of treasury funds caused by timing mismatches between revenue and expenditure.

The Ministry of Economy and Finance stated, "We will minimize unnecessary idle funds through meticulous management of treasury income and expenditure," adding, "In case of short-term fund shortages during treasury cash management, we plan to secure funds through temporary borrowing such as treasury bond issuance to timely support major project execution."