MoEF to Issue 15 Trillion Won of Treasury Bonds in March

The Ministry of Economy and Finance announced on the 22nd that it will issue approximately 15 trillion won worth of government bonds through a competitive bidding process next month. This is an increase of 1 trillion won compared to the February plan (14 trillion won).

By maturity, it will issue 1.8 trillion won of 2-year bonds, 2.8 trillion won of 3-year bonds, 2.5 trillion won of 5-year bonds, 2.9 trillion won of 10-year bonds, 800 billion won of 20-year bonds, 3.7 trillion won of 30-year bonds, and 500 billion won of 50-year bonds.

Additionally, to enhance liquidity of government bonds, the Ministry will conduct exchanges amounting to approximately 400 billion won between elapsed and benchmark issues of 10-year, 20-year, and 30-year bonds, and about 100 billion won between elapsed and benchmark issues of inflation-linked bonds.

Meanwhile, the Ministry stated that the actual issuance scale for this month, including competitive bidding issuance, non-competitive subscription, and exchanges, is expected to be 17.153 trillion won.