Korea issues $1 bil. FX stabilization bonds

A currency exchange rate is seen on a screen in this photo taken from a dealing room at Hana Bank headquarters in Seoul, June 27. Yonhap The finance ministry said Thursday that it sold $1 billion worth of foreign exchange stabilization fund bonds. The single-tranche bond with a maturity of five years was sold at an interest rate of 4.

5 percent, which marked the first sale of U.S. dollar-denominated bonds since 2021, according to the Ministry of Economy and Finance.



Currency stabilization bonds are designed to raise the money needed by the government to keep foreign exchange rates stable. (Yonhap).