Bank of Korea to Issue up to 6.8 Trillion Won in Monetary Stabilization Bonds in August
The Bank of Korea will issue monetary stabilization bonds (MSBs) worth up to 6.8 trillion won next month in a move to manage market liquidity.
On July 23, the Bank of Korea announced that it plans to issue MSBs worth up to 6.8 trillion won in August.
Of the total amount to be issued, 6.3 trillion won will be supplied through competitive bidding, while the remaining 400 billion to 500 billion won will be issued via subscription.
In addition, the Bank of Korea plans to repurchase 2.7 trillion won worth of MSBs before maturity next month.
MSBs are securities issued by the Bank of Korea to commercial banks, financial institutions, and general investors as a tool to control market liquidity.
Hot Picks Today
He Left It in the Car and Forgot... "I Nearly Collapsed with Joy": Man Wins $1.48 Million Lottery
- Goldman Sachs Cuts KOSPI Target by 25%... "Excessive Pessimism, Still Attractive"
- "'Nodding Off' on the Subway? Here's Why Koreans Are Getting Even Less Sleep"
- "Please Pay Me at Least 3 Million Won a Month": More Than Half of Young People Today Prioritize "Working Conditions" Over Company Size
- Beachgoer Finds 'Plastic' That Turns Out to Be Perfume Ingredient Worth More Than Twice as Much as Gold
As such, the Bank of Korea is set to manage market liquidity by issuing up to 6.8 trillion won in MSBs and planning an early repurchase of 2.7 trillion won next month.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
