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S. Korea to sell 4 tln won of Treasury bills in June

Finance 15:00 May 28, 2021

SEOUL, May 28 (Yonhap) -- South Korea plans to sell 4 trillion won (US$3.6 billion) worth of Treasury bills next month to repay maturing debt, the finance ministry said Friday.

The bills, which have a maturity of 63 days, will be sold in five separate auctions in June, according to the Ministry of Economy and Finance.

Treasury bills are usually floated to raise money to cover short-term financial shortfalls and thus are generally sold with a maturity of less than a year. The debts should be repaid within the year of issuance.

This undated photo, provided by the Ministry of Economy and Finance, shows the exterior of the ministry building in the administrative city of Sejong, around 120 kilometers south of Seoul. (PHOTO NOT FOR SALE) (Yonhap)

sooyeon@yna.co.kr
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