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S. Korea to sell 5.9 tln won worth of state bonds in October

All News 17:00 September 29, 2016

SEJONG, Sept. 29 (Yonhap) -- South Korea plans to sell 5.9 trillion won (US$5.4 billion) worth of state bonds next month, the finance ministry said Thursday.

The government will issue 1.5 trillion won worth of bonds with a maturity of three years and 1.3 trillion won worth of five-year bonds.

It also plans to sell 1.7 trillion won worth of 10-year bonds and a combined 1.4 trillion won of bonds with a maturity of between 20 and 30 years.

The finance ministry said the government will repay state debt worth 1.9 trillion won on Oct. 19, with the detailed schedule to be released on Oct. 14.

The ministry added that it sold 7.59 trillion won worth of Treasurys in September.


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