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[MOEF] KTB Issuance Plan, April 2025
Written by : 관리자
Attached file : 1

The Ministry of Economy and Finance plans to issue Korea Treasury Bonds worth approximately 17,000 billion won in April 2025 through competitive bidding.

 

Auction Schedule, April 2025
(Unit: KRW billion)

Name

Auction Notice

Auction Date

Settlement Date

Issue Date

Type

Volume

2Y KTB 02625-2703 (25-1)

March 27

March 31

April 1

March 10, 2025

F1

1,800

3Y KTB 02875-2712 (24-12)

April 2

April 7

April 8

December 10, 2024

F

3,000

5Y KTB 02625-3003 (25-3)

April 16

April 21

April 22

March 10, 2025

F

2,800

10Y KTB 03000-3412 (24-13)

April 9

April 14

April 15

December 10, 2024

F

2,500

KTBi 00750-3406 (24-6)

April 1

April 4

April 7

June 10, 2024

F

100

20Y KTB 02875-4409 (24-10)

April 17

April 22

April 23

September 10, 2024

F

500

30Y KTB 02625-5503 (25-2)

March 27

April 1

April 2

March 10, 2025

F

5,700

50Y KTB 02750-7409 (24-11)

April 8

April 11

April 14

September 10, 2024

F

600

Conversion

offer

Conventional

April 10

April 15

April 17

March 10, 2025

F

500

 

FXB 00000-2604 (25-4)

April 15

April 18

April 21

April 10, 2025

N/A

1,600

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 3,280 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 

Details have yet to be decided. If non-competitive option  needs to be implemented, the

Ministry will make an announcement on April 17 with a detailed plan.

 

 

4) Conversion offer

 

Date

KTB to be issued

KTBs

to be purchased

Amount

April 15

10:40-11:00 am

30Y KTB 02625-5503

(Maturing on

March 10, 2055)

 

KTB 05500-2803 (08-2)

KTB 05500-2912 (09-5)

 KTB 04250-3212 (22-14)

KTB 03250-3306 (23-5)

 KTB 04125-3312 (23-11)

 KTB 03250-4209 (22-11)

 

KRW 500 billion

 

* Further details will be provided on April 10 through the BOK website.


Please refer to 250327 Treasury Bond Issuance Plan_ April 2025.pdf