The Ministry of Economy and Finance will issue 15 trillion won in government bonds through a competitive bidding process on April 15.
On the 30th, the Ministry announced a plan to issue government bonds via competitive bidding based on this. This amount is 500 billion won more than the 14.5 trillion won competitive bidding issuance plan announced last month. The issuance will include 1.8 trillion won in 2-year bonds, 2.8 trillion won in 3-year bonds, 2.3 trillion won in 5-year bonds, 2.7 trillion won in 10-year bonds, 1.1 trillion won in 20-year bonds, 3.7 trillion won in 30-year bonds, 500 billion won in 50-year bonds, and 100 billion won in inflation-linked bonds through competitive bidding.
Professional dealers and the general public can non-competitively subscribe to a certain amount at the winning bid rate for each maturity during the competitive bidding. To enhance liquidity of government bonds, the Ministry plans to conduct exchanges worth about 300 billion won between the 10-year and 20-year matured issues and the 30-year benchmark issue. The Ministry estimated the actual issuance scale in March to be about 17.8273 trillion won, including competitive bidding issuance, non-competitive subscription, and exchanges.
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