BOK to Issue 9.9 Trillion Won Worth of Monetary Stabilization Bonds in October

The Bank of Korea announced on the 25th that it plans to issue up to 9.9 trillion won worth of Monetary Stabilization Bonds (MSBs) next month.

This amount is 2.4 trillion won less than the issuance plan for this month.

860 billion won will be issued through competitive bidding, and 1 to 1.3 trillion won will be issued through subscription.

Monetary Stabilization Bonds are securities issued by the Bank of Korea to banks, financial institutions, or the general public in order to control the money supply.