The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 16,000 billion won in January 2026 through competitive bidding.
Auction Schedule, January 2026
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 02250-2709 (25-6) |
December 30 |
January 5 |
January 6 |
September 10, 2025 |
F1 |
2,800 |
|
3Y KTB 02750-2812 (25-10) |
January 7 |
January 12 |
January13 |
December 10, 2025 |
F |
2,900 |
|
5Y KTB 02500-3009 (25-8) |
January 21 |
January 26 |
January 27 |
September 10, 2025 |
F |
2,500 |
|
10Y KTB 03250-3512 (25-11) |
January 14 |
January 19 |
January 20 |
December 10, 2025 |
F |
2,200 |
|
20Y KTB 02625-4509 (25-9) |
January 22 |
January 27 |
January 28 |
September 10, 2025 |
F |
500 |
|
30Y KTB 02625-5509 (25-7) |
December 31 |
January 6 |
January 8 |
September 10, 2025 |
F |
4,300 |
|
50Y KTB 02750-7409 (24-11) |
January 13 |
January 16 |
January 19 |
September 10, 2024 |
F |
800 |
|
Conversion Offer |
Conventional |
January 15 |
January 20 |
January 22 |
September 10, 2025 |
F |
400 |
|
Inflation-linked |
January 6 |
January 9 |
January 13 |
December 10, 2025 |
F |
100 |
|
|
|
FXB 00000-2701 (26-01) |
January 20 |
January 23 |
January 26 |
January 10, 2026 |
N/A |
1,300 |
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 3,040 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, 284 billion won for 3Y, 5Y, and 10Y KTBs, 330 billion won 30Y KTBs, and 146 billion won for 20Y KTBs. PDs that have obtained the right to purchase these KTB STRIPS can make purchases of up to 25 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 January 22 with a detailed plan.
4) Conversion offer
|
Date |
KTBs to be issued |
KTBs and KTBis
to be purchased |
Amount |
|
January 20
10:40-11:00 am |
30Y KTB 02625-5509 (25-7)
(Maturing on
September 10, 2055) |
KTB 03250-3306 (23-5)
KTB 03750-3312 (13-8)
KTB 04125-3312 (23-11)
KTB 03500-3406 (24-5)
KTB 02625-3509 (15-6)
KTB 03250-4209 (22-11)
KTB 03000-4212 (12-5)
* Further details will be provided on January 15 through the BOK website.
|
KRW 400 billion |
|
January 9
10:40-11:00 am |
10Y KTB 03250-3512 (25-11)
(Maturing on
December 10, 2035)
|
KTBi 01750-2806 (18-5)
KTBi 01125-3006 (20-5)
KTBi 01625-3206 (22-6)
* Further details will be provided on January 6 through the BOK website.
|
KRW 100 billion |
