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South Korea central bank to buy $1.2bn government bonds to help stabilize market

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Christian Fernsby ▼ | March 20, 2020
South Korea's central bank said yesterday that it will buy 1.5 trillion won (1.2 billion U.S. dollars) worth of government bonds to help stabilize the local bond market.
South Korea central bank
Business in South Korea   South Korea central bank
The Bank of Korea (BOK) said in a statement that in terms of face value, 1.5 trillion won of Treasury bonds with the maturities of three, five and 10 years will be purchased via an open bid for 10 minutes from 1:30 p.m. Friday local time.

Topics: South Korea

It was aimed to stabilize the domestic bond market and use them in repurchase agreements transactions with commercial banks for liquidity adjustment, the BOK noted.