The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 15,000 billion won in November 2025 through competitive bidding.
Auction Schedule, November 2025
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 02250-2709 (25-6) |
October 30 |
November 3 |
November 4 |
September 10, 2025 |
F1 |
2,000 |
|
3Y KTB 02250-2806 (25-4) |
November 5 |
November 10 |
November 11 |
June 10, 2025 |
F |
1,500 |
|
3Y KTB 00000-2812 (25-10) |
November 5 |
November 10 |
November 11 |
December 10, 2025 |
P2 |
1,500 |
|
5Y KTB 02500-3009 (25-8) |
November 19 |
November 24 |
November 25 |
September 10, 2025 |
F |
2,800 |
|
10Y KTB 02625-3506 (25-5) |
November 12 |
November 17 |
November 18 |
June 10, 2025 |
F |
800 |
|
10Y KTB 00000-3512 (25-11) |
November 12 |
November 17 |
November 18 |
December 10, 2025 |
P |
800 |
|
20Y KTB 02750-4509 (25-9) |
November 20 |
November 25 |
November 26 |
September 10, 2025 |
F |
500 |
|
30Y KTB 02625-5509 (25-7) |
October 30 |
November 4 |
November 6 |
September 10, 2025 |
F |
4,100 |
|
50Y KTB 02750-7409 (24-11) |
November 11 |
November 14 |
November 17 |
September 10, 2024 |
F |
1,000 |
|
Conversion Offer |
Conventional |
November 13 |
November 18 |
November 20 |
September 10, 2025 |
F |
200 |
|
Inflation-linked |
November 4 |
November 7 |
November 11 |
June 10, 2025 |
F |
100 |
|
|
|
FXB 00000-2611 (25-11) |
November 18 |
November 21 |
November 24 |
November 10, 2025 |
N/A |
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 2,800 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 November 20 with a detailed plan.
4) Buyback
|
Date |
KTBs to be purchased |
Amount |
|
November 19
10:40-11:00 am |
KTB 01250-2603 (21-1)
KTB 03250-2603 (24-3)
KTB 01875-2606 (16-3)
KTB 03125-2606 (23-4)
KTB 01750-2609 (21-7)
KTB 02375-2703 (22-1)
KTB 02375-2712 (17-7)
KTB 03250-2803 (23-1)
|
KRW 3,200 billion |
* Further details will be provided on November 14 through the BOK website.
5) Conversion offer
|
Date |
KTB and KTBis
to be issued |
KTBs and KTBis
to be purchased |
Amount |
|
November 18
10:40-11:00 am |
30Y KTB 02625-5509 (25-7)
(Maturing on
September 10, 2055) |
KTB 03375-3206 (22-5)
KTB 03500-3406 (24-5)
KTB 02625-3509 (15-6)
KTB 03250-4209 (22-11)
KTB 03000-4212 (12-5)
|
KRW 200 billion |
|
November 7
10:40-11:00 am |
10Y KTBi 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)
|
KRW 100 billion |
* Further details will be provided on November 13 (KTB) and November 4 (KTBi) through the BOK website.
