The Ministry of Finance and Economy said on the 27th that it will issue 180 billion won in March personal investment Government Bonds. With the personal investment Government Bonds issued in January and February selling out, the ministry decided to increase the March issuance by 10 billion won.
The maturities to be issued this time are 60 billion won for the 5-year, 90 billion won for the 10-year, and 30 billion won for the 20-year. The corresponding maturity yields are 19%, 58%, and 158%, in that order. The average annual yields are 3.9% for the 5-year, 5.8% for the 10-year, and 7.9% for the 20-year.
The subscription period for March personal investment Government Bonds is from Apr. 11 to 17. Individual investors can apply during this period by visiting a Mirae Asset Securities branch or online. If demand to invest in personal investment Government Bonds exceeds the amount the government planned to issue, allocations will first be made uniformly up to the standard amount of 3 million won, and the remaining amount will be allocated in proportion to the subscription amount. Allocation results will be notified on Apr. 18.
The ministry said, "We will broaden the base of demand for Government Bonds and support people in building long-term retirement assets," adding, "If the issuance of personal investment Government Bonds increases, it can reduce the burden of issuing general Treasury bonds and contribute to stable funding."