The Bank of Korea to Issue 9.9 Trillion Won in Monetary Stabilization Bonds in October

The Bank of Korea announced on the 29th that it plans to issue 9.9 trillion won worth of Monetary Stabilization Bonds in October.

Monetary Stabilization Bonds are short-term securities issued by the Bank of Korea to control the money supply.

This is an increase of 1.1 trillion won compared to the issuance plan for September.

Issuance of 1-, 2-, and 3-year bonds decreased by 400 billion won, while issuance of 91-day bonds increased by 1.5 trillion won.

The amount planned to be issued through competitive bidding is 9 trillion won, and the amount planned to be issued through subscription is 900 billion won.