MINISTRY OF STRATEGY AND FINANCE
Embargo: 17:00, Jan. 28, 2010 Release Date: 16:30, Jan. 28, 2010Contact Information: KyungYong Lee : 02-2150-5132 (Government Bond Policy Division)
2010 February Korea Treasury Bond Issuance Schedule &
January Auction Result
The Ministry of Strategy and Finance plans to issue Korea Treasury Bonds worth 6,410 billion Won in February 2010 through competitive auctions.
1) KTBs of 6,410 billion Won will be issued through competitive auctions.
z 3-year KTB worth 1,600 billion Won scheduled to be issued on February 2 (Tue) will be fungible with "KTB0425-1212."
z 5-year KTB worth 2,510 billion Won scheduled to be issued on February 9 (Tue) will be fungible with "KTB 0500-1409."
z 10-year KTB worth 1,500 billion Won scheduled to be issued on February 17 (Wed) will be fungible with "KTB 0575-1809."
z 20-year KTB worth 800 billion Won scheduled to be issued on February 23 (Tue) will be fungible with "KTB0550-2912."
2) Non-competitive purchasing option z (Non-competitive purchasing option I)
For individual investors participating in competitive biddings, 1,282 billion Won KTBs, not more than 20% of the issuance amount planned in the competitive biddings, will be allocated first at the accepted bid rate
Press Release
MINISTRY OF STRATEGY AND FINANCE
z (Non-competitive purchasing option II)For primary dealers (PD), a non-competitive purchasing option II is granted whereby PDs can purchase 10% of the accepted bid amount (up to 25% for top five PDs and 15% for the next top five PDs) through the non-competitive biddings. In addition, 3 business days is given to PDs for additional purchase after the auction day.
- A PD’s exercise rate for non-competitive purchasing option is the highest accepted bid rate determined in the competitive bidding.
- 2010 February Issuance Schedule for Auction -
(Unit: billion Won) Amount of Issue Classifi-
cation
Auction Date
Settlement Date
Issue Date
3- year KTB
5- year KTB
10- year KTB
20- year KTB Nominal 2-1-2010 2-2-2010 12-10-2009 1,600
Nominal 2-8-2010 2-9-2010 9-10-2009 2,510
Nominal 2-16-2010 2-17-2010 9-10-2008 1,500 Nominal 2-22-2010 2-23-2010 12-10-2009 800
* Financial Support: The fund of approximately 1.4 trillion Won is scheduled to be offered in February – The fund will be provided at low interest rates if PDs present their holding KTBs as collateral.
* Appendix : 2010 January Korea Treasury Bond Auction Result
MINISTRY OF STRATEGY AND FINANCE
Appendix ’ 2010 January Treasury Bond Auction Result
●
Korea Treasury Bonds worth 9,461 billion Won were issued in January, 2010< 2010 January KTB Auction Result >
(unit: billion Won,%)
Competitive bidding
Non-competitive purchasing
optionⅡ Classification
Auction date
Issue (planned)
Issue vol.
(accepted rate,%)
(A)
Period
Issue volume
(B)
Conversion offer (C)
Total (A+B+C)
3 year KTB
(KTB 0425-1212) ’10.1. 6 1,600 2,010
(4.37) ’10. 1. 6 ~ 1. 11 339 2,349
5 year KTB
(KTB 0500-1409) ’10.1.11 2,510 3,052
(4.85) ’10 .1. 11 ~ 1.14 538 3,590
10 year KTB
(KTB 0575-1809) ’10. 1.18 1,500 1,987
(5.40) 10. 1. 18 ~ 1.. 21 355 2,342
20 year KTB
(KTB 0550-2912) ’10. 1.25 800 1,063
(5.53) ’10. 1. 25 ~ 1. 28 117 1,180
Total 6,410 8,112 1,349 9,461