South Korea to sell net 45.9trn won in t-bonds in 2016

SEOUL: South Korea said on Tuesday it plans to sell 45.9 trillion won ($39.05 billion) worth of treasury bonds next year versus 51.7 trillion won planned for this year.

The finance ministry said in a statement net treasury bond sales will be smaller next year than 2015 to prevent budget shortfall. Demand for South Korean treasury bonds is expected to be robust like this year, the ministry said.