Bank of Korea to Issue up to 6.7 Trillion Won in Monetary Stabilization Bonds in December

6 Trillion Won to Be Issued Through Competitive Bidding

The Bank of Korea announced on the 27th that it plans to issue up to 6.7 trillion won worth of Monetary Stabilization Bonds (hereinafter referred to as MSBs) next month. This is a decrease of 2.9 trillion won compared to the issuance volume planned for this month.

Exterior view of the Bank of Korea.

Of the 6.7 trillion won, 6 trillion won will be issued through competitive bidding, while between 500 billion and 700 billion won will be issued through a subscription method.

Next month, the Bank of Korea will conduct an early redemption of 1.7 trillion won worth of MSBs.

MSBs are securities issued by the Bank of Korea to banks, other financial institutions, and the general public in order to control the money supply.