Issuance of 4 Trillion Won in Treasury Bonds Next Month for "Smooth Fiscal Execution"

The Ministry of Economy and Finance announced on the 31st that it plans to issue a total of 40 trillion won worth of treasury bills (63-day maturity) in four rounds next month.

So far this year, the Ministry has issued treasury bills worth 9 trillion won in total through nine rounds of 1 trillion won each. In April, it plans to issue 4 trillion won to repay the 4 trillion won issued in February that will mature.

Treasury bills are short-term government bonds issued to cover temporary cash shortages caused by timing mismatches between government revenues and expenditures, ensuring smooth fiscal execution. Since treasury bills must be issued and fully repaid within the same year, they are issued with a 63-day maturity.

The issuance of treasury bills will be conducted through a competitive bidding process targeting a total of 32 institutions (excluding duplicates), including 21 monetary stabilization bond bidding institutions, 18 primary dealers of government bonds, 3 reserve primary dealers of government bonds, and 3 government fund management institutions.