Bank of Korea Plans to Issue Up to 6.8 Trillion Won in Monetary Stabilization Bonds

The Bank of Korea announced on May 28 that it plans to issue up to 6.8 trillion won in monetary stabilization bonds next month.

Of this amount, 6.2 trillion won will be issued through competitive bidding, while 500 billion to 600 billion won will be raised through a subscription method.

The competitive bidding will consist of eight rounds, with five rounds for 91-day bonds scheduled for June 1, 8, 15, 22, and 29. One round each will be held for one-year bonds on June 10, two-year bonds on June 4, and three-year bonds on June 17. The subscription bidding is set for June 24.

Early redemption will occur on June 5 and 16, with bids of 5 billion won and 2 trillion won, respectively.