S Korea to sell $5.54 bln worth of state debt in Jan.

13:29, January 04, 2010      

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The South Korean government said Monday that it plans to sell state bonds worth around 6.4 trillion won, or 5.54 billion U.S. dollars, in January.

Of the total bonds to be sold, those worth 1.6 trillion won (1.39 billion U.S. dollars) will bear a maturity of three years, while those worth 1.21 trillion won (1.05 billion U.S. dollars) will mature in five years, the finance ministry said.

The government will sell 1.5 trillion-won (1.3 billion-U.S. dollar) worth of 10-year bonds as well, along with 800 billion-won (693 million-U.S. dollar) worth of 20-year bonds, the ministry added.

In 2009, the South Korean government sold a total of 85 trillion-won (73.6 billion-U.S. dollar) worth of state debt, while its December state bond sales marked 4.8 trillion won (4.2 billion U.S. dollars), according to the ministry.

Source: Xinhua
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