The Ministry of Finance and Economy plans to issue Korea Treasury Bonds worth approximately 19,000 billion won in March 2026 through competitive bidding.
Auction Schedule, March 2026
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 03000-2803 (26-1) |
February 26 |
March 3 |
March 4 |
March 10, 2026 |
F1 |
3,200 |
|
3Y KTB 02750-2812 (25-10) |
March 4 |
March 9 |
March 10 |
December 10, 2025 |
F |
3,300 |
|
5Y KTB 03375-3103 (26-3) |
March 18 |
March 23 |
March 24 |
March 10, 2026 |
F |
3,100 |
|
10Y KTB 03250-3512 (25-11) |
March 11 |
March 16 |
March 17 |
December 10, 2025 |
F |
3,000 |
|
20Y KTB 02750-4509 (25-9) |
March 19 |
March 24 |
March 25 |
September 10, 2025 |
F |
600 |
|
30Y KTB 03500-5603 (26-2) |
February 26 |
March 4 |
March 5 |
March 10, 2026 |
F |
5,000 |
|
50Y KTB 02750-7409 (24-11) |
March 10 |
March 13 |
March 16 |
September 10, 2024 |
F |
800 |
|
Conversion Offer |
Conventional |
March 12 |
March 17 |
March 19 |
March 10, 2026 |
F |
400 |
|
Inflation-linked |
March 3 |
March 6 |
March 10 |
December 10, 2025 |
F |
100 |
|
|
|
FXB 00000-2703 (26-03) |
March 17 |
March 20 |
March 23 |
March 10, 2026 |
N/A |
1,250 |
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 KTB, 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 3,640 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 for 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 March 19 with a detailed plan.
4) Conversion offer
|
Date |
KTBs to be issued |
KTBs and KTBis
to be purchased |
Amount |
|
March 17
10:40-11:00 am |
30Y KTB 03500-5603 (26-2)
(Maturing on
March 10, 2056) |
KTB 03250-3306 (23-5)
KTB 03500-3406 (24-5)
KTB 02625-3509 (15-6)
KTB 03250-4209 (22-11)
KTB 03000-4212 (12-5)
KTB 03875-4309 (23-9)
KTB 02750-4412 (14-7)
* Further details will be provided on March 12 through the BOK website.
|
KRW 400 billion |
|
March 6
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 March 3 through the BOK website.
|
KRW 100 billion |
* Further details will be provided on February 6 through the BOK website.
