2026-07-07
Added · Updated
The Bank of Korea announced the issuance of Monetary Stabilization Bond (MSB) 00000-2707-0100, scheduled for July 9, 2026, with a repayment date of July 9, 2027. This bond, with a scheduled issue amount of 700 billion won, will be issued via competitive bidding on July 8, 2026, open to eligible institutions with a bidding limit of 60% of the scheduled amount. Principal will be paid in full on the repayment date, while interest will be paid in arrears every three months, with electronic registration for securities issuance.
Monetary Stabilization Bond 00000-2707-0100 Issuance Notice Jul 7, 2026 The Bank of Korea announces the issuance of MSB 00000-2707-0100 as follows.
(Appendix) Details of MSB Issuance
10 billion won. The bidding limit for each institution is set at within 60% of the scheduled issue amount of competitive bidding. ㅇ Application method for auction: specify the interest rate up to the third decimal place in annual terms (in increments of 0.5bp) – One institution can bid at up to six different rates (However, re-bidding at the same rate is not allowed). C. How to determine a successful bid ㅇ Winning bidders are determined sequentially, starting with the lowest rate among the bids and working up to the scheduled issue amount. – If the amount of bids at the same rate exceeds the scheduled issue amount, excess bids may be accepted within a range of up to 20% of the scheduled issue amount, if necessary. ㅇ Successful bid rate – The highest winning rate determined by competitive bidding (dutch auction) D. Settlement date: Refer to the Notice ㅇ Each winning bidder will pay at the winning rate through its current account established with the Bank of Korea. ㅇ The Issue price is calculated in millions of won (rounding down for amounts less than one million won). <Formula for calculating issue price> Issue Price = × × : face value, : coupon rate, : issue yield : number of interest payments per year : number of remaining interest payments : number of days from the day following the sales date to the next interest payment due date : number of days from the day after the last interest payment due date (or issue date if no interest is due) to the next interest payment due date