BOK to Issue 11 Trillion Won Worth of Monetary Stabilization Bonds Next Month

[Image source=Yonhap News]

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

This amount is 800 billion won (91-day maturity) more than the issuance plan for this month.

The Bank of Korea plans to issue 9.8 trillion won through competitive bidding and 1.2 trillion won through subscription.

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