Government successfully issues a record-high 17hundred million euro FX stabilization bonds
The government issued 17hundred million euros’ worth of euro-denominated FX stabilization bonds, the largest amount ever, and 3-year and 7-year bonds both recorded the lowest-ever spreads over their maturities. The Ministry of Economy and Finance said the issuance fully absorbed approximately 50billion dollars in this year’s FX stabilization bond issuance limit.
The Ministry of Economy and Finance said it had successfully issued 17hundred million euros’ worth of euro-denominated Foreign Exchange Equalization Fund bonds on 9. The issuance was the largest ever among euro-denominated FX stabilization bonds.
The issuance comprised two tranches: 3-year maturity bonds worth 7hundred million euros and 7-year maturity bonds worth 10hundred million euros.
The issuance rate was announced at 3-year bonds at 10basis points above the euro mid-swap, or 2.875%, while 7-year bonds were set at 28basis points above the mid-swap, or 3.250%.
3-year bonds and 7The spread premium on -year bonds hit an all-time low for the same maturity. 2025Compared with , they fell by 15basis points and 24basis points, respectively.
17hundred million euros is approximately 19hundred million4ten million dollars, or approximately 2trillion9hundred million won.
The Ministry of Finance and Economy said that this issuance fully absorbed the remaining approximately 50hundred million dollars' worth of this year's foreign exchange stabilization bond issuance limit.
In particular, the government announced that it had secured the repayment funds for 10bonds maturing in 7hundred million euros 3approximately months ahead of schedule.
This 7-year bond issue also exceeded the previous largest volume on a single-tranche basis, surpassing the scale of last year's issuance in 6(14hundred million euros).