Korea to sell $2.85 bil. worth of Treasurys in December

This file photo shows the headquarters of Ministry of Economy and Finance in Sejong. Korea plans to sell 3.7 trillion won ($2.85 billion) in state bonds next month, the finance ministry said Thursday. Courtesy of finance ministry

South Korea plans to sell 3.7 trillion won ($2.85 billion) in state bonds next month, the finance ministry said Thursday.

The country will issue 400 billion won in Treasurys with a maturity of two years and 700 billion won in three-year government bonds in December, according to the Ministry of Economy and Finance.

It also plans to sell 600 billion won in bonds with a maturity of five years and 700 billion won in 10-year Treasurys.

It will float 200 billion won and 1 trillion won bonds with maturities of 20 years and 30 years, respectively, along with 100 billion won in 50-year Treasurys.

South Korea issued around 6.9 trillion won in state bonds in November, the ministry said. (Yonhap)