The Bank of Korea to Issue KRW 8.8 Trillion Worth of Monetary Stabilization Bonds Next Month

[Image source=Yonhap News]

[Asia Economy Reporter Seo So-jeong] The Bank of Korea announced on the 30th that it plans to issue 8.8 trillion won worth of Monetary Stabilization Bonds next month.

The amount scheduled to be issued through competitive bidding is 7.6 trillion won, and the amount scheduled to be issued through subscription is 1.2 trillion won.

This is a reduction of 1.5 trillion won compared to the issuance plan for this month (400 billion won for 1-, 2-, and 3-year bonds, and 1.1 trillion won for 91-day bonds).

The early redemption amount of Monetary Stabilization Bonds next month is 3.5 trillion won.

Monetary Stabilization Bonds are securities issued by the Bank of Korea to banks, financial institutions, or the general public in order to control the money supply.