Gov't to sell 160 billion won in retail Treasury bonds

The Ministry of Finance and Economy said Monday it will issue 160 billion won ($104 million) in government bonds for individuals next month.

The Treasury sale for retail investors is part of the  Finance Ministry's plan to sell 2 trillion won in government bonds for individuals this year.

Last year, the ministry sold a total of 1.2 trillion won worth of Treasurys for retail investors.

The ministry said it will start issuing new three-year bonds for retail investors in July amid rising demand for short-term bonds.

The move is aimed at reducing the holding burden for investors and diversifying investment options, Finance Ministry officials said.

Yonhap