The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 18,500 billion won in August 2025 through competitive bidding.
Auction Schedule, August 2025
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 02625-2703 (25-1) |
July 30 |
August 4 |
August 5 |
March 10, 2025 |
F1 |
1,250 |
|
2Y KTB 00000-2709 (25-6) |
July 30 |
August 4 |
August 5 |
September 10, 2026 |
P2 |
1,250 |
|
3Y KTB 02250-2806 (25-4) |
August 6 |
August 11 |
August 12 |
June 10, 2025 |
F |
4,400 |
|
5Y KTB 02625-3003 (25-3) |
August 20 |
August 25 |
August 26 |
March 10, 2025 |
F |
1,650 |
|
5Y KTB 00000-3009 (25-8) |
August 20 |
August 25 |
August 26 |
September 10, 2025 |
P |
1,650 |
|
10Y KTB 02625-3506 (25-5) |
August 12 |
August 18 |
August 19 |
June 10, 2025 |
F |
1,800 |
|
KTBi 00750-3406 (24-6) |
August 5 |
August 8 |
August 11 |
June 10, 2024 |
F |
100 |
|
20Y KTB 02875-4409 (24-10) |
August 21 |
August 26 |
August 27 |
September 10, 2024 |
F |
250 |
|
20Y KTB 00000-4509 (25-9) |
August 21 |
August 26 |
August 27 |
September 10, 2025 |
P |
250 |
|
30Y KTB 02625-5503 (25-2) |
July 31 |
August 5 |
August 7 |
March 10, 2025 |
F |
2,500 |
|
30Y KTB 00000-5509 (25-7) |
July 31 |
August 5 |
August 7 |
September 10, 2025 |
P |
2,600 |
|
50Y KTB 02750-7409 (24-11) |
August 11 |
August 14 |
August 18 |
September 10, 2024 |
F |
800 |
|
Conversion Offer |
Conventional |
August 13 |
August 19 |
August 21 |
March 10, 2025 |
F |
300 |
|
|
|
FXB 00000-2608 (25-8) |
August 19 |
August 22 |
August 25 |
August 10, 2025 |
N/A |
1,000 |
|
|
|
|
|
|
|
|
|
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 3,540 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 August 21 with a detailed plan.
4) Buyback
|
Date |
KTBs to be purchased |
Amount |
|
August 20
10:40-11:00 am |
KTB 03250-2603 (24-3)
KTB 05750-2603 (06-1)
KTB 01875-2606 (16-3)
KTB 03125-2606 (23-4)
KTB 01750-2609 (21-7)
KTB 02875-2609 (24-9)
KTB 03875-2612 (23-10)
|
KRW 3,000 billion |
* Further details will be provided on August 14 through the BOK website.
5) Conversion offer
|
Date |
KTB to be issued |
KTBs
to be purchased |
Amount |
|
August 19
10:40-11:00 am |
30Y KTB 02625-5503
(25-2)
(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 03750-3312 (13-8)
KTB 04125-3312 (23-11)
KTB 03250-4209 (22-11)
|
KRW 300 billion |
* Further details will be provided on August 13 through the BOK website.
Please refer to the attached PDF.
