[Sejong=Asia Economy Reporter Moon Chaeseok] The Ministry of Economy and Finance announced on the 7th that it plans to issue treasury bonds worth 2 trillion won within this month.
This issuance will be conducted twice through a competitive bidding process involving institutions bidding for Monetary Stabilization Bonds and specialized dealers in government bonds. The funds raised will be used to repay previously issued treasury bonds.
Treasury bonds refer to securities issued in the financial market to cover temporarily occurring shortages in the national treasury.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
