South Korea to sell 5.3 trillion won T-bonds via auctions

SEOUL: South Korea plans to sell 5.3 trillion Korean won ($4.73 billion) worth of treasury bonds through auctions in October, more than the 5.1 trillion won planned for September, the finance ministry said on Thursday.

The Ministry of Strategy and Finance also said it would buy back 1.5 trillion worth of treasury bonds ahead of maturity in September. It will also exchange 500 billion won worth of existing paper with new debt.

The ministry will also sell 394 billion won worth of 30-year treasury bonds to a closed pool of investors in October. The debt will start being sold via competitive auctions starting in November.