MoEF to Issue Fiscal Bonds Worth 7.5 Trillion Won Next Month

1.5 Trillion Won Distributed Over 5 Installments

The Ministry of Economy and Finance announced on the 25th that it will issue treasury bills worth a total of 7.5 trillion won next month to support smooth fiscal execution.

The treasury bills will be issued in five installments of 1.5 trillion won each week from the 31st of this month to the 28th of next month. The maturity period of the issued bills is 63 days.

The competitive bidding will be conducted targeting a total of 33 institutions (excluding duplicates), including 22 Monetary Stabilization Bond bidding institutions, 18 government bond primary dealers, 4 reserve government bond primary dealers, and 3 government fund management institutions.

The government utilizes treasury bills, which are short-term government bonds that must be repaid within the year, and temporary borrowings from the Bank of Korea to cover temporary cash shortages caused by timing mismatches between revenue and expenditure.

Choi Sang-mok, Deputy Prime Minister for Economic Affairs and Minister of Economy and Finance, is speaking on the impact of export-import logistics due to the Yemen rebel conflict at the Emergency Economic Ministers' Meeting and Price-related Ministers' Meeting held at the Government Seoul Office in Jongno, Seoul on the 16th. Photo by Jo Yong-jun jun21@