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Article: (LEAD) S. Korea to sell 20-year Treasuries next year.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- December 21, 2005
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SEOUL, Dec. 21 (Yonhap) -- South Korea plans to float 20-year state bonds from next year as part of its efforts to ease its fiscal burden and meet various needs from investors, the country's Finance Ministry said Wednesday.The introduction of long-dated debts and so-called strip bonds, whose corpus and coupons can be traded separately, will help breathe new life into the country's state debt market, the ministry said."The government seeks long-term funding to develop social infrastructure and prepare for an aging society," said the ministry.
Long-term funding is also necessary for possible reunification with North Korea, it said.The ministry said the ...