
South Korea plans to sell 4 trillion won (US$3.5 billion) worth of Treasury bills in four separate auctions in July, the finance ministry said Friday.
"The funds generated will be used to cover temporary shortfalls in the money supply and allow the government to push forward various spending projects," the ministry said. "The cash generated can further help stabilize the management of state-controlled funds."
The amount to be issued is smaller than the 4.5 trillion won worth of bills sold throughout June.
The bills will be sold through competitive bidding, with 23 banks, brokerages and financial institutions that already buy the government's monetary stabilization bonds to handle the transactions.
The ministry said the outstanding amount of Treasury bills should stand at 8.5 trillion won by the end of this month, down from 10 trillion won tallied for late June. The government plans to buy back 5.5 trillion won worth of bonds it issued earlier within the month.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor