The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 18,500 billion won in July 2025 through competitive bidding.
Auction Schedule, July 2025
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 02625-2703 (25-1) |
June 26 |
June 30 |
July 1 |
March 10, 2025 |
F1 |
2,400 |
|
3Y KTB 02250-2806 (25-4) |
July 2 |
July 7 |
July 8 |
June 10, 2025 |
F |
4,300 |
|
5Y KTB 02625-3003 (25-3) |
July 16 |
July 21 |
July 22 |
March 10, 2025 |
F |
3,200 |
|
10Y KTB 02625-3506 (25-5) |
July 9 |
July 14 |
July 15 |
June 10, 2025 |
F |
1,800 |
|
20Y KTB 02875-4409 (24-10) |
July 17 |
July 22 |
July 23 |
September 10, 2024 |
F |
500 |
|
30Y KTB 02625-5503 (25-2) |
June 26 |
July 1 |
July 2 |
March 10, 2025 |
F |
5,400 |
|
50Y KTB 02750-7409 (24-11) |
July 8 |
July 11 |
July 14 |
September 10, 2024 |
F |
600 |
|
Conversion
offer |
Inflation-linked |
July 1 |
July 4 |
July 8 |
June 10, 2025 |
F |
100 |
|
Conventional |
July 10 |
July 15 |
July 17 |
March 10, 2025 |
F |
200 |
|
|
|
FXB 00000-2607 (25-7) |
July 15 |
July 18 |
July 21 |
July 10, 2025 |
N/A |
1,200 |
1. Fungible issue
* Under a fungible issue system, new KTBs issued within a specified period (six-month period for 2Y, 3Y, 5Y, 10Y and 30Y KTB, one-year period for 20Y, and two-year period for KTBi and 50Y KTB) are regarded as the same KTB issue.
1) Non-competitive bids option I
For retail investors, KTBs worth 3,520 billion won (no more than 20% of the offered amount in the auction excluding 50Y KTBs) will be allocated first at the highest accepted bid rate.
2) Non-competitive bids option II
A non-competitive purchasing option II is granted to primary dealers (PD) whereby PDs can make additional purchases of 5-30%* of the accepted bid amount within three business days after the auction.
* Up to 20%p of the option is granted to the top-performing PDs, 15%p to the 2nd best-performing PDs, 10%p to the 3rd best-performing PDs, and 5%p to the rest, according to their market-making performances for the last six months. MOEF will grant additional 5-10%p to best performing PDs in the monthly evaluation.
3) Non-competitive bids option III
KTB STRIPS* are supplied on the third business day after the auctions, 234 billion won for 3Y and 5Y KTBs, 284 billion won for 10Y and 30Y KTBs, and 180 billion won for 20Y KTBs. PDs that have obtained the right to purchase these KTB STRIPS can make purchases of up to 20 billion won.
＊Non-competitive option Ⅵ
Details have yet to be decided. If non-competitive option Ⅵ needs to be implemented, the
Ministry will make an announcement on July 17 with a detailed plan.
4) Buyback
|
Date |
KTBs to be purchased |
Amount |
|
July 16
10:40-11:00 am |
KTB 03250-2603 (24-3)
KTB 05750-2603 (06-1)
KTB 03125-2606 (23-4)
KTB 01500-2612 (16-8)
KTB 03875-2612 (23-10)
KTB 05250-2703 (07-3)
|
KRW 2,000 billion |
* Further details will be provided on July 11 through the BOK website.
5) Conversion offer
|
Date |
KTB to be issued |
KTBs or KTBis
to be purchased |
Amount |
|
July 15
10:40-11:00 am |
30Y KTB 02625-5503
(25-2)
(Maturing on
March 10, 2055) |
KTB 04000-3112 (11-7)
KTB 03375-3206 (22-5)
KTB 04250-3212 (22-14)
KTB 03750-3312 (13-8)
KTB 04125-3312 (23-11)
KTB 03250-4209 (22-11)
* Further details will be provided on July 10 through the BOK website.
|
KRW 200 billion |
|
July 4
10:40-11:00 |
10Y KTB 02625-3506
(25-5)
(Maturing on
June 10, 2035) |
KTBi 01000-2606 (16-5)
KTBi 01750-2806 (18-5)
KTBi 01125-3006 (20-5)
KTBi 01625-3206 (22-6)
* Further details will be provided on July 1 through the BOK website.
|
KRW 100 billion |
Please refer to the attached PDF.
