Mirae Asset Securities to Issue Retail Government Bonds in April... 3.21% Annual Yield for 5-Year Maturity Holders

Mirae Asset Securities announced on the 9th that it will conduct subscription for individual investor government bonds in April 2025 until the 15th.

The total issuance limit for individual investor government bonds in April is 120 billion KRW. It plans to issue 70 billion KRW for 5-year bonds, 40 billion KRW for 10-year bonds, and 10 billion KRW for 20-year bonds. For the 5-year bonds, the issuance volume scheduled for April was increased by 10 billion KRW due to oversubscription last month. The 5-year bonds, introduced last month, attracted about 115.1 billion KRW in funds against a target of 60 billion KRW.

The pre-tax interest rates applied upon maturity holding are 16.08% for 5-year bonds (annual 3.21%), 36.73% for 10-year bonds (annual 3.67%), and 87.68% for 20-year bonds (annual 4.38%).

According to Mirae Asset Securities, since the introduction of the regular automatic subscription service last month, about 1,100 customers had applied for the service as of the 7th of this month. Mirae Asset Securities expects the number of customers applying for this service to increase in the future, as consistently purchasing individual investor government bonds monthly allows customers to receive principal and interest payments monthly after a certain period, providing an effect similar to receiving a pension.

A representative from Mirae Asset Securities said, "Individual investor government bonds are a stable investment tool that offers additional interest rates and compound interest with separate taxation upon maturity holding, making it a tax-saving product. Customer interest in the regular automatic subscription service is high, and we expect customer interest in the highly stable individual investor government bonds to increase further."