Bank of Korea said on the 26th it will issue 6 trillion won in monetary stabilization bonds next month. The amount is down 500 billion won from the previous month.
Monetary stabilization bonds are securities issued by Bank of Korea to banks, other financial institutions, or the general public to control the currency supply.
Of the 6 trillion won, 5.5 trillion won will be offered through competitive bidding. The remaining 400 billion to 500 billion won will be issued through a public offering method.
Bank of Korea will also conduct early redemption of monetary stabilization bonds totaling 4 trillion won. That is an increase of 500 billion won from this month's early redemption amount (3.5 trillion won).
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