Arab Today, arab today south korea to sell 5tr won in treasury bills in july
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

South Korea to sell 5tr won in treasury bills in July

Arab Today, arab today

Arab Today, arab today South Korea to sell 5tr won in treasury bills in July

Treasury bills
Sejong - Yonhap

South Korea plans to sell 5 trillion won (US$4.95 billion) worth of Treasury bills in July, the finance ministry said Friday.
Treasury bills raise money for the government to deal with short-term financial shortfalls. They are generally sold with a maturity of less than one year.
The government will sell Treasury bills with a maturity of 63 days in four auctions this month, the ministry said. It also plans to pay back 7 trillion won worth of Treasury bills.
The outstanding amount of Treasury bills will stand at 10 trillion won at the end of July, down 2 trillion won from the previous month, according to the ministry.

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