March 19, 2020 / 6:20 AM / 21 days ago

S.Korea c.bank to conduct outright purchase of $1.2 bln t-bond

SEOUL, March 19 (Reuters) - South Korea’s central bank said on Thursday it will conduct outright purchases of treasury bonds worth 1.5 trillion won ($1.16 billion) to stabilise the bond market.

The bank also said it will target three different maturities, the 3-, 5-, and 10-year, in a series of purchases on Friday. ($1 = 1,290.7900 won) (Reporting by Joori Roh; Editing by Christian Schmollinger)

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