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S. Korea to sell W7.6 tln in government bonds in March

All News 17:15 February 29, 2016

SEOUL, Feb. 29 (Yonhap) -- South Korea plans to sell 7.6 trillion won (US$6.14 billion) worth of government bonds in five separate auctions next month, the finance ministry said Monday.

Of the total, up to 20 percent, or some 1.5 trillion won worth of bonds, will be sold to retail investors through a non-competitive bid auction.

Part of the money generated will help pay off maturing government debts, the ministry said in a press release.

The bonds will carry a maturity of between three to 30 years, it added.

Meanwhile, the ministry said it successfully sold some 10.2 trillion worth of notes and bonds this month, including 196 billion worth of Treasury inflation-protected securities.

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