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S. Korea to sell 7.7 tln won in state debts in May

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(Globalpost/GlobalPost)

SEJONG, April 29 (Yonhap) -- South Korea plans to issue state bonds worth about 7.7 trillion won (US$7.47 billion) in May, the finance ministry said Tuesday.

According to the ministry, the government is seeking to sell 1.8 trillion won in three-year Treasurys, 2.05 trillion won in five-year debts and 2.05 trillion won worth of 10-year bonds in May.

It also plans to issue 900 billion won worth of bonds that mature in 20 years and 900 billion won in 30-year bonds.

The ministry said it sold about 8.5 trillion won worth of bonds in April.

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http://www.globalpost.com/dispatch/news/yonhap-news-agency/140429/s-korea-sell-77-tln-won-state-debts-may