The Bank of Korea to Issue 8 Trillion Won Worth of Monetary Stabilization Bonds Next Month

The Bank of Korea announced on the 26th that it will issue up to 8 trillion won worth of Monetary Stabilization Bonds next month.

Of this amount, 7 trillion won will be issued through competitive bidding, and 800 billion to 1 trillion won will be issued through a subscription method.

The competitive bidding will be conducted a total of seven times next month. The 91-day bonds are scheduled for four times (on the 4th, 11th, 18th, and 25th), while the 1-year (13th), 2-year (6th), and 3-year (20th) bonds are each scheduled once. The subscription method will take place on the 27th of next month.

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 regulate the money supply.