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S. Korea to sell 7.45 tln won in state debt in April

South Korea plans to sell state bonds worth 7.45 trillion won ($6.72 billion) in April, the Ministry of Strategy and Finance said Tuesday.

According to the ministry, the government will sell 1.9 trillion won in three-year Treasury notes, 1.85 trillion won in five-year debts and 2 trillion won worth of 10-year bonds next month.

It also plans to issue 800 billion won worth of 20-year bonds and 900 billion won in 30-year bonds.

The ministry said it sold a little under 9.62 trillion won worth of bonds in March, with 67 billion won being so-called Treasury inflation protected securities.

The total is significantly larger than the original sales goal of 7.65 trillion won announced in late February. (Yonhap)

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