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S. Korea to sell 7.35 trillion won in state bonds in April

All Headlines 17:40 March 28, 2019

SEJONG, March 28 (Yonhap) -- South Korea plans to sell 7.35 trillion won (US$6.4 billion) in state bonds next month, the finance ministry said Thursday.

The government will issue 1.45 trillion won in bonds with a maturity of three years and another 1.45 trillion won in five-year bonds, according to the Ministry of Economy and Finance.

It also intends to sell 1.75 trillion won in 10-year Treasurys while issuing 500 billion won in bonds with a maturity of 20 years and 50 years each. The ministry will further look to sell 1.7 trillion won in 30-year bonds.

In October 2016, the ministry floated its first-ever super long 50-year state bonds. The 50-year debts have the longest maturity of any securities issued by South Korea.

S. Korea to sell 7.35 trillion won in state bonds in April - 1

entropy@yna.co.kr
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