S Korea to sell state debts worth $5.25 billion in April

21:00, March 25, 2010      

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South Korea will sell state bonds worth amounting to 6 trillion won, or 5.25 billion U.S. dollars, in April, the finance ministry said Thursday.

According to the ministry, the government will sell 1 trillion won (875 million U.S. dollars) in three-year Treasuries, 2.6 trillion won (2.27 billion U.S. dollars) in five-year debt and 1.6 trillion-won (1.4 billion U.S. dollars) worth of 10-year government bonds next month.

It also plans to issue 800 billion won (700.2 million U.S. dollars) worth of 20-year bonds.

In March, the government sold state bonds totaling 8.75 trillion won (7.65 billion U.S. dollars), the ministry added.

Source: Xinhua
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