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2-Year Auction And Buyback For Korean Bonds

SOUTH KOREA

The Bank of Korea will sell KRW 2tn of 2-year bonds at auction today, results due at 10:30KST/01:30GMT. This is the first sale of 2-year securities, as was announced under the recent budget plan. The Ministry of Finance said they would sell 2-year bonds to ease concern about record bond sales.

2-year paper currently yields 0.876%.

  • Vice Finance Minister An Il-whan said previously that South Korea will begin selling 2-year Treasury bonds "to ease the burdens on mid- and long-maturity Treasury bonds and set a stable yield for short-maturity bonds".
  • The Bank of Korea will also conduct a buyback operation between 10:40-11:00KST (01:40-02:00GMT) for a total of KRW 1.8tn. The lines to be purchased are:
  • 5Y KTB 02000-2103 (that comes due in March, 2021)
  • 3Y KTB 02250-2106 (that comes due in June, 2021)
  • 10Y KTB 04250-2106 (that comes due in June, 2021)
  • 3Y KTB 01625-2206 (that comes due in June, 2022)
  • 10Y KTB 03750-2206 (that comes due in June, 2022)

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