The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 17,500 billion won in May 2025 through competitive bidding.
Auction Schedule, May 2025
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 02625-2703 (25-1) |
April 24 |
April 28 |
April 29 |
March 10, 2025 |
F1 |
1,800 |
|
3Y KTB 02875-2712 (24-12) |
May 7 |
May 12 |
May 13 |
December 10, 2024 |
F |
1,600 |
|
3Y KTB 00000-2806 (25-4) |
May 7 |
May 12 |
May 13 |
June 10, 2025 |
P2 |
1,600 |
|
5Y KTB 02625-3003 (25-3) |
May 21 |
May 26 |
May 27 |
March 10, 2025 |
F |
2,900 |
|
10Y KTB 03000-3412 (24-13) |
May 14 |
May 19 |
May 20 |
December 10, 2024 |
F |
1,250 |
|
10Y KTB 00000-3506 (25-5) |
May 14 |
May19 |
May 20 |
June 10, 2025 |
P |
1,250 |
|
20Y KTB 02875-4409 (24-10) |
May 22 |
May 27 |
May 28 |
September 10, 2024 |
F |
500 |
|
30Y KTB 02625-5503 (25-2) |
April 24 |
April 29 |
April 30 |
March 10, 2025 |
F |
5,800 |
|
50Y KTB 02750-7409 (24-11) |
May 13 |
May 16 |
May 19 |
September 10, 2024 |
F |
800 |
|
Conversion
offer |
Conventional |
May 15 |
May 20 |
May 22 |
March 10, 2025 |
F |
400 |
|
Inflation-linked |
April 29 |
May 7 |
May 9 |
December 10, 2024 |
F |
100 |
|
|
|
FXB 00000-2605 (25-5) |
May 20 |
May 23 |
May 26 |
May 10, 2025 |
N/A |
1,800 |
1. Fungible issue
2. Pre-issuance
* 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 3,340 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 May 22 with a detailed plan.
4) Conversion offer
|
Date |
KTB to be issued |
KTBs
to be purchased |
Amount |
|
May 20
10:40-11:00 am |
30Y KTB 02625-5503
(Maturing on
March 10, 2055) |
KTB 05500-2912 (09-5)
KTB 04000-3112 (11-7)
KTB 03375-3206 (22-5)
KTB 04250-3212 (22-14)
KTB 04125-3312 (23-11)
KTB 03250-4209 (22-11)
KTB 03000-4212 (12-5)
* Further details will be provided on
May 15 through the BOK website.
|
KRW 400 billion |
|
May 7
10:40-11:00 am |
10Y KTB 03000-3412
(Maturing on
December 10, 2034) |
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
April 29 through the BOK website.
|
KRW 100 billion |
Please refer to the attached PDF.
