S. Korea to sell 11.9 tln won in state bonds in April

SEOUL, March 26 (Yonhap) -- South Korea plans to sell 11.9 trillion won (US$9.66 billion) in state bonds next month, the finance ministry said Thursday.

The ministry will issue 2.35 trillion won in bonds with a maturity of three years and another 2.2 trillion won in five-year bonds in April, according to the Ministry of Economy and Finance.

It also intends to sell 3 trillion won in bonds with a maturity of 10 years and 700 billion won in 20-year Treasurys, while floating 2.9 trillion won in bonds with a maturity of 30 years.

The ministry also plans to sell 750 billion won in 50-year Treasurys, the longest-dated debt in the country.

South Korea issued 15.03 trillion won in state bonds this month.

colin@yna.co.kr
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