September 2016 TREASURY BILL ISSUANCE PLAN
1. The government plans to issue Treasury bills (T-bills)* worth a combined total of KRW 2.0 trillion in September for successful budget execution and stable Treasury management.
*T-bills refer to securities issued in the financial market cover temporary shortfalls in government funds, which must be repaid within the year they were issued.
2. The government is expected to issue 63-day T-bills, targeting Monetary Stabilization Bond bidding institutions (22 institutions), Korea Treasury Bond Primary Dealers (19 institutions), and institutions entrusted with government fund management (2 institutions) through competitive auction.
Source: Ministry of Strategy and Finance