Gov’t to sell 600 billion won worth of 50-year Treasurys this week

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Gov’t to sell 600 billion won worth of 50-year Treasurys this week

The Korean government said on Tuesday that it will sell 600 billion won ($542 million) worth of 50-year Treasurys this week in the latest move to gain extra leeway to execute financial policies.

The sale is set to take place on Friday, the Ministry of Economy and Finance said.

Korea sold a combined 1.525 trillion won worth of 50-year state bonds on three separate occasions earlier this year.


Yonhap

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