▲ The Ministry of Economy and Finance building in the central city of Sejong (Yonhap)

finance ministry-bond issuance

Gov't to sell 160 bln won worth of Treasury bonds next month for retail investors

SEOUL, June 29 (Yonhap) -- The finance ministry said Monday it will issue 160 billion won (US$104 million) in government bonds for individuals next month.

The Treasury sale for retail investors is part of the ministry's plan to sell 2 trillion won in government bonds for individuals this year.

Last year, the ministry sold a total of 1.2 trillion won worth of Treasurys for retail investors.

The ministry said it will start issuing new three-year bonds for retail investors in April amid rising demand for short-term bonds.

The move is aimed at reducing the holding burden for investors and diversifying investment options, ministry officials said.

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