Business & Finance

South Korea to sell 5 trillion won of T-bills in June

Published May 29, 2014 Updated May 29, 2014 05:24am

1 min

By Shoaib Ur Rehman

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SEOUL: South Korea's finance ministry said on Thursday it plans to sell 5 trillion won ($4.90 billion) worth of treasury bills in June. The ministry said in a statement it would hold weekly auctions of 63-day treasury bills starting June 3.

The government is required to repay all borrowings raised through treasury bills before the end of the fiscal year on Dec. 31.

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