Bank of Korea to Issue Up to 7 Trillion Won in Monetary Stabilization Bonds in October

[Financial News] The BOK said on the 28th that it would issue up to 7 trillion won in MSBs during October.
Of the MSBs, 6.3 trillion won will be issued through competitive bidding and 500 billion to 700 billion won through subscription issuance.
The competitive-bidding amount comprises 2.4 trillion won in 91-day bonds, 600 billion won in one-year bonds, 2.5 trillion won in two-year bonds, and 800 billion won in three-year bonds.
The subscription issuance auction will be held on October 28. The amount and allocation by issue will be finalized on October 27, the previous business day.
Early redemptions totaling 2 trillion won are scheduled. Tenders will be held for 1.6 trillion won on October 6 and 400 billion won on October 20, respectively.
The issuance plan may change depending on open market operating conditions and the state of the bond market.
[email protected] Jeong Sang-gyun Reporter