BOK to issue 7.9t won in bonds next month

The Bank of Korea (BOK) announced on Thursday plans to issue Monetary Stabilisation Bonds (MSB) worth approximately 7.9 trillion won in October 2024.

The issuance will consist of two components: a competitive bidding component worth 7.2 trillion won and a fixed rate tender component worth 0.6 to 0.7 trillion won.

MSBs, issued by the Bank of Korea, have relatively long maturities. They are thus used as a structural adjustment tool whose policy effects are long lasting.

Attribution: Bank of Korea statement

Subediting: M. S. Salama