BOK to Issue 6 Trillion Won Worth of Monetary Stabilization Bonds in December

[Image source=Yonhap News]

The Bank of Korea announced on the 23rd that it plans to issue 6 trillion won worth of Monetary Stabilization Bonds next month.

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

Of this, 5 trillion won will be issued through competitive bidding, and 800 billion to 1 trillion won will be issued through subscription.

Additionally, 1.5 trillion won worth of Monetary Stabilization Bonds will be redeemed early next month.

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