A view of the Bank of Korea in Jung-gu, Seoul [Photo=Yonhap News]
The Bank of Korea announced plans on June 25 to issue up to 7 trillion won in monetary stabilization bonds next month.
The issuance will include 6.4 trillion won through competitive bidding and an additional 500 billion to 600 billion won through a subscription method.
Competitive bidding will begin on July 1 with 2.2 trillion won in two-year bonds, followed by 500 billion won in 91-day bonds on July 6, 500 billion won in one-year bonds on July 8, 500 billion won in 91-day bonds on July 13, 1 trillion won in three-year bonds on July 15, 500 billion won in 91-day bonds on July 20, and 500 billion won in 91-day bonds on July 27.
The subscription auction is set for July 22, targeting 500 billion to 600 billion won in one-, two-, and three-year bonds. The final amounts and allocations will be confirmed on July 21, the business day before the auction.
The Bank of Korea cautioned that the issuance plan may change depending on market conditions and urged participants to verify the final auction details.
Additionally, the Bank of Korea will conduct early redemptions of monetary stabilization bonds next month, offering 500 billion won on July 3 and 1.5 trillion won on July 14.
The issuance will include 6.4 trillion won through competitive bidding and an additional 500 billion to 600 billion won through a subscription method.
Competitive bidding will begin on July 1 with 2.2 trillion won in two-year bonds, followed by 500 billion won in 91-day bonds on July 6, 500 billion won in one-year bonds on July 8, 500 billion won in 91-day bonds on July 13, 1 trillion won in three-year bonds on July 15, 500 billion won in 91-day bonds on July 20, and 500 billion won in 91-day bonds on July 27.
The subscription auction is set for July 22, targeting 500 billion to 600 billion won in one-, two-, and three-year bonds. The final amounts and allocations will be confirmed on July 21, the business day before the auction.
The Bank of Korea cautioned that the issuance plan may change depending on market conditions and urged participants to verify the final auction details.
Additionally, the Bank of Korea will conduct early redemptions of monetary stabilization bonds next month, offering 500 billion won on July 3 and 1.5 trillion won on July 14.
* This article has been translated by AI.
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