On Monday, South Korea’s finance ministry announced plans to sell 167.8 trillion won ($131.5 billion) in government bonds next year.
The Ministry of Economy and Finance said in a statement that the government plans to sell 61.5 trillion won in government bonds next year, up from 104.8 trillion won this year, and to refinance 106.3 trillion won in 2023. compared to the previous year. 72.6 trillion won this year.
According to the Ministry of Economy and Finance, this value is 800 billion won less than this year, when 168.6 trillion won in bonds were sold.
The ministry said global monetary tightening could enter its final stage in 2023 as inflation slows and fears of a recession grow, expecting South Korea’s financial market may experience less volatility in 2023 compared to this year, while inflationary pressures are also decreasing. .
She indicated that about 30% of the total sale of debt will be issued with maturities of two to three years, with about 35% of the total will be treasury bonds maturing within 5 or 10 years, and the rest will be government bonds with maturities of 5 or 10 years. repayment. 20 years or more.