Government to Issue '13 Trillion' in Treasury Bonds This Month

[Asia Economy Sejong=Reporter Lee Jun-hyung] The government will issue government bonds worth 13 trillion won this month.

The Ministry of Economy and Finance announced on the 2nd that it will issue government bonds worth 13 trillion won this month through a competitive bidding process. Compared to last month's government bond issuance plan (10.5 trillion won), it has increased by 2.5 trillion won.

By maturity, it will issue 1.6 trillion won of 2-year bonds, 2.4 trillion won of 3-year bonds, 2.1 trillion won of 5-year bonds, 2.3 trillion won of 10-year bonds, 100 billion won of inflation-linked bonds, 1 trillion won of 20-year bonds, 3.1 trillion won of 30-year bonds, and 400 billion won of 50-year bonds. Professional dealers (PD) and the general public can acquire a certain amount at the highest winning bid rate of competitive bidding for each maturity through a non-competitive subscription method in addition to the competitive bidding method.

The Ministry of Economy and Finance will conduct an exchange worth 300 billion won between the elapsed issues of 10-year, 20-year, and 30-year bonds and the benchmark issue of 30-year bonds to increase the liquidity of government bonds. A ministry official said, "Whether to conduct non-competitive subscriptions and detailed plans will be separately announced on the 21st of this month."

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is presiding over the Emergency Macroeconomic and Financial Meeting held at the Bankers Hall in Myeong-dong, Jung-gu, Seoul on the 2nd. Photo by Hyunmin Kim kimhyun81@