The Bank of Korea Issues 11 Trillion Won Worth of Monetary Stabilization Bonds in February

The Bank of Korea announced on the 30th that it plans to issue 11 trillion won worth of Monetary Stabilization Bonds (Monetary Stabilization Securities) next month.

It will issue 9.8 trillion won through competitive bidding and 1.2 trillion won through subscription.

This amount is 1 trillion won larger than the issuance plan for this month.

The issuance was increased by 200 billion won for 1-year bonds, 300 billion won for 2-year bonds, 200 billion won for 3-year bonds, and 300 billion won for 91-day bonds.

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