June 30, 2020 / 7:57 AM / 2 days ago

S.Korea central bank to conduct outright purchase of 1.5 trln won of t-bonds

SEOUL, June 30 (Reuters) - South Korea’s central bank said on Tuesday it will conduct outright purchases of treasury bonds worth 1.5 trillion won ($1.25 billion) to stabilise the bond market.

The bank also said it will target three different maturities, the 5-, 10-, and 20-year, in its auction which will take place on July 2.

$1 = 1,201.3800 won Reporting by Joori Roh; Editing by Andrew Heavens

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