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S.korea T-bond supply fears overdone- fin ministry
Reuters - 50 minutes ago
SEOUL, Dec 5 - Market fears over South Korean treasury bond oversupply are exaggerated, a finance ministry official said on Friday.
He made the remark after the finance ministry said on Thursday it may speed up its planned issuance of 72 trillion won worth of treasury bonds in order to lay out 60 percent of the fiscal budget in the first half of next year to boost the economy.
Lee Sang-won, head of the treasury division at the finance ministry, told Reuters, however, that the pace of issuance would not be accelerated as quickly as the market feared.
"The issuance will not be as heavily concentrated as the market worries," said Lee.
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