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South Korea to sell 7.7 trillion won T-bonds in May

Published April 29, 2014 Updated April 29, 2014 08:13am

1 min

By Shoaib Ur Rehman

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SEOUL: South Korea plans to sell 7.70 trillion won ($7.44 billion) worth of treasury bonds through auctions in May, slightly more than 7.55 trillion won worth planned for April, the finance ministry said on Tuesday.

The Ministry of Strategy and Finance also said it will exchange 550 billion won worth of existing paper with new debt.

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