The Ministry of Economy and Finance of South Korea announced on Thursday that it will offer 4.5 trillion won (US$3.4 billion) of Treasury bills in three separate auctions in September. These bills will have a maturity of 63 days and are intended to finance the government’s fiscal spending.
Treasury bills are typically issued to raise funds for short-term financial needs and have a lifespan of less than one year. The debt must be repaid within the year it was issued.
colin@yna.co.kr
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