Bank of Korea to Issue 5.6 Trillion Won in Monetary Stabilization Bonds Next Month

On April 24, the Bank of Korea announced its plan to issue monetary stabilization bonds totaling 5.6 trillion won next month. This amount is 500 billion won less than the planned issuance for this month. Of the total, 5 trillion won will be issued through competitive bidding, while 500 to 600 billion won will be issued through a subscription method.

The Bank of Korea also plans to repurchase monetary stabilization bonds worth 2.5 trillion won before maturity next month. Monetary stabilization bonds are securities issued by the Bank of Korea to financial institutions such as banks or to the general public in order to control the money supply.

Bank of Korea building. Bank of Korea