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Finance ministry to sell 7 tln-won debt

All Headlines 14:30 April 04, 2019

SEJONG, April 4 (Yonhap) -- South Korea's finance ministry said Thursday that it plans to sell a combined 7 trillion won (US$6.1 billion) worth of debt in April to meet a temporary money shortfall.

The 63-day, 2 trillion-won debt is set to be sold next Thursday, while the 63-day, 2.5 trillion-won debt is set to be issued on April 18 and 25, respectively, according to the Ministry of Economy and Finance.

The finance ministry has the authority to sell debts or borrow money from the country's central bank to resolve financial mismatches or to finance state projects.

Finance ministry to sell 7 tln-won debt - 1

entropy@yna.co.kr
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