The Bank of Korea announced on June 26 that it plans to issue up to 7.2 trillion won worth of Monetary Stabilization Bonds (MSBs) next month.
This is 600 billion won more than the amount scheduled for issuance this month. Of the total 7.2 trillion won, 6.5 trillion won will be issued through competitive bidding, while 500 billion to 700 billion won will be issued through a subscription method.
In addition, 2 trillion won worth of MSBs will be repurchased before maturity during next month.
MSBs 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.
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