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March Auction Plan

SOUTH KOREA

The South Korean MOF has released its March issuance plan, worth approximately KRW 14tn (Feb issuance worth KRW 13.9tn)

Key differences:

  • 2-year size increased by KRW 400bn to KRW 1.1tn
  • 3-year size increased by KRW 100bn to KRW 3.1tn
  • 5-year pre-issue sale removed, fungible sale increased to KRW 2.7tn (effectively incorporates pre-issue)
  • Inflation-linked auction removed
  • 20-year size increased KRW 150bn to KRW 900bn
  • 30-year pre issue sale removed, fungible sale increased to KRW 3.3tn (KRW 300bn than last month's combined sales)
  • 50-year sale removed
  • Two conversion offers (previously just one), KRW 300bn for 30-year conversion and KRW 100bn for inflation linked conversion.


Source: BoK


Source: BoK

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