The Bank of Korea to Issue KRW 12.3 Trillion in Monetary Stabilization Bonds in September

Lobby view of the newly constructed integrated annex of the Bank of Korea [Image source=Yonhap News]

The Bank of Korea announced on the 24th that it plans to issue up to 12.3 trillion won worth of Monetary Stabilization Bonds (MSBs) next month.

This amount is 400 billion won larger than the issuance plan for this month.

1.08 trillion won will be issued through competitive bidding, and 100 billion to 150 billion won will be issued through subscription.

MSBs are securities issued by the Bank of Korea to banks, financial institutions, or the general public to control the money supply.