Ministry of Economy and Finance to Issue 7.5 Trillion Won in Fiscal Bonds in May

The Ministry of Economy and Finance announced on the 5th that it will issue treasury bills worth 7.5 trillion won next month to ensure smooth fiscal execution.

The government uses 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 timing mismatches between revenue and expenditure.

The government plans to issue treasury bills five times, each worth 1.5 trillion won per week, and will use 5 trillion won of this amount to repay the treasury bills issued in March that are maturing.

The issuance of treasury bills will be conducted through a competitive bidding process targeting a total of 32 institutions, including 21 monetary stabilization bond bidding institutions, 18 government bond primary dealers, 3 reserve government bond primary dealers, and 3 treasury fund management institutions.

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