Bank of Korea to Issue Up to 6.6 Trillion Won in Monetary Stabilization Bonds in May

The Bank of Korea said on the 23rd it plans to issue up to 6.6 trillion won ($) in Monetary Stabilization Bonds next month.

It will sell 6 trillion won through competitive bidding and 500 billion to 600 billion won through subscription-based sales.

Competitive auctions will be held seven times: four auctions for 91-day bills (May 4, 11, 18 and 26) and one each for 1-year (May 13), 2-year (May 6) and 3-year (May 20) maturities. The subscription auction is set for May 27.

For early redemptions, the central bank will auction 1 trillion won on May 8 and 2 trillion won on May 19.