South Korea to sell 7.5 trillion won T-bonds in June

SEOUL: South Korea plans to sell treasury bonds worth 7.5 trillion Korean won ($6.96 billion) through auctions in June, down from 7.9 trillion won planned for May, the finance ministry said on Thursday.

The Ministry of Strategy and Finance added that it would buy back 2 trillion won worth of treasury bonds ahead of maturity in June. It will also exchange 200 billion won worth of existing paper with new debt.