S. Korea to sell 14.5 tln won worth of state bonds in April

SEOUL-- South Korea plans to sell 14.5 trillion won (US$12 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, 2.4 trillion won in Treasury bonds with a maturity of three years and 2.6 trillion won in five-year government bonds, according to the Ministry of Economy and Finance.

The sales of longer-dated bonds will include 4.3 trillion won in 30-year Treasury notes and 600 billion won in state debts with a maturity of 50 years.

South Korea issued 18.3 trillion won in state bonds in March.

Last year, the government floated a record 180.5 trillion won in Treasury bonds, up 6 trillion won from a year earlier. The debt sale was mainly aimed at financing fiscal spending in response to the COVID-19 pandemic.

Source: Yonhap News Agency