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S. Korea to sell 12.5 tln won worth of govt' bonds in August

Finance 17:00 July 29, 2021

SEOUL, July 29 (Yonhap) -- South Korea plans to sell 12.5 trillion won (US$10.9 billion) in government bonds next month, the finance ministry said Thursday.

The ministry will issue 1 trillion won in Treasurys with a two-year maturity, 2.5 trillion won in Treasury bonds with a maturity of three years and 2.2 trillion won in five-year government bonds, according to the Ministry of Economy and Finance.

The sales of longer-dated bonds will include 3.15 trillion won in 30-year Treasury notes and 400 billion won in state debts with a maturity of 50 years.

South Korea issued 17.9 trillion won in state bonds in July.

The country plans to sell government bonds worth a total of 176.4 trillion won this year as it seeks to finance fiscal spending to cope with the pandemic.

S. Korea to sell 12.5 tln won worth of govt' bonds in August - 1

sooyeon@yna.co.kr
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