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July Issuance Plan Smaller Than June

KOREA RATES

The BoK announced its July issuance plan and will sell a total of KRW 13.6n in July.

  • Key changes from June:
    • 2-Year auction KRW 100bn smaller
    • 3-Year auction KRW 200bn smaller
    • 5-Year sale KRW 200bn smaller, split into pre-issue and fungible auction
    • 10-Year auction KRW 100bn smaller
    • 20-Year auction KRW 100bn smaller
    • 30-Year auction KRW 100bn smaller
    • 50-Year auction KRW 100bn larger
    • Conversion offer includes inflation linked issues
  • Fig.1: July Issuance Plan

Source: BoK

  • Fig.2: Conversion/Buyback offer

Source: BoK

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