S. Korea to sell 7.5 tln won in Treasury bills in May
오석민
2023-04-27 15:00:00
Treasury bills-May sales
Treasury bills-May sales
S. Korea to sell 7.5 tln won in Treasury bills in May
SEOUL, April 27 (Yonhap) -- South Korea plans to sell 7.5 trillion won (US$5.59 billion) worth of Treasury bills next month to fund fiscal spending, the finance ministry said Thursday.
The bills, which have a maturity of 63 days, will be sold in five separate auctions, according to the Ministry of Economy and Finance.
Treasury bills are usually floated to raise money to cover short-term financial shortfalls and are generally sold with a maturity of less than a year. The debts should be repaid within the year of issuance.
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