South Korea to Issue 5 Trillion Won in State Bonds in November

SEOUL - South Korea will sell 5 trillion won (US$3.68 billion) worth of state bonds in November.

According to a new release by the Yonhap News Agency, The country plans to issue 700 billion won in two-year Treasurys and 1.1 trillion won in three-year government bonds next month. Additionally, bonds with a maturity of five years and 10 years will be issued at 800 billion won and 900 billion won, respectively.

South Korea also intends to float 300 billion won and 900 billion won in bonds with a maturity of 20 years and 30 years, respectively, along with 300 billion won in 50-year Treasurys. The ministry also mentioned that 10.2 trillion won in state bonds were issued in October.

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