S. Korea to sell 7.7 trillion won in state bonds in May

SEJONG, April 25 (Yonhap) -- South Korea plans to sell 7.7 trillion won (US$6.6 billion) in state bonds next month, the finance ministry said Thursday.

The government will issue 1.85 trillion won in bonds with a maturity of three years and 1.7 trillion won in five-year bonds, according to the Ministry of Economy and Finance.

It also intends to sell 1.85 trillion won in 10-year Treasurys while issuing 500 billion won in bonds with a maturity of 20 years and sell 1.8 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.

entropy@yna.co.kr
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