The Ministry of Finance and Economy plans to issue Korea Treasury Bonds worth approximately 16,000 billion won in July 2026 through competitive bidding.
Auction Schedule, July 2026
(Unit: KRW billion)
|
Name |
Auction Notice |
Auction Date |
Settlement Date |
Issue Date |
Type |
Volume |
|
2Y KTB 03000-2803 (26-1) |
June 25 |
June 29 |
June 30 |
March 10, 2026 |
F1 |
2,800 |
|
3Y KTB 03500-2906 (26-5) |
July 1 |
July 6 |
July 7 |
June 10, 2026 |
F |
3,300 |
|
5Y KTB 03375-3103 (26-3) |
July 14 |
July 20 |
July 21 |
March 10, 2026 |
F |
2,800 |
|
10Y KTB 04250-3606 (26-6) |
July 8 |
July 13 |
July 14 |
June 10, 2026 |
F |
2,800 |
|
20Y KTB 02750-4509 (25-9) |
July 15 |
July 21 |
July 22 |
September 10, 2025 |
F |
400 |
|
30Y KTB 03500-5603 (26-2) |
June 25 |
June 30 |
July 1 |
March 10, 2026 |
F |
3,100 |
|
50Y KTB 02750-7409 (24-11) |
July 7 |
July 10 |
July 13 |
September 10, 2024 |
F |
800 |
|
Conversion Offer |
Conventional |
July 9 |
July 14 |
July 16 |
March 10, 2026 |
F |
200 |
|
Inflation-linked |
June 30 |
July 3 |
July 7 |
June 10, 2026 |
F |
100 |
|
|
|
FXB 00000-2707 (26-07) |
July 7 |
July 10 |
July 13 |
July 10, 2026 |
N/A |
1,000 |
1. Fungible issue
* Under a fungible issue system, new KTBs issued within a specified period (six-month period for 2Y, 3Y, 5Y, 10Y and 30Y KTB, one-year period for 20Y KTB, and two-year period for KTBi and 50Y KTB) are regarded as the same KTB issue.
1) Non-competitive bids option I
For retail investors, KTBs worth 3,040 billion won (no more than 20% of the offered amount in the auction excluding 50Y KTBs) will be allocated first at the highest accepted bid rate.
2) Non-competitive bids option II
A non-competitive purchasing option II is granted to primary dealers (PD) whereby PDs can make additional purchases of 5-30%* of the accepted bid amount within three business days after the auction.
* Up to 20%p of the option is granted to the top-performing PDs, 15%p to the 2nd best-performing PDs, 10%p to the 3rd best-performing PDs, and 5%p to the rest, according to their market-making performances for the last six months. MOEF will grant additional 5-10%p to best performing PDs in the monthly evaluation.
3) Non-competitive bids option III
KTB STRIPS* are supplied on the third business day after the auctions, 310 billion won for 3Y, 5Y, and 10Y KTBs, 360 billion won for 30Y KTBs, and 160 billion won for 20Y KTBs. PDs that have obtained the right to purchase these KTB STRIPS can make purchases of up to 25 billion won.
＊Non-competitive option Ⅵ
Details have yet to be decided. If non-competitive option Ⅵ needs to be implemented, theMinistry will make an announcement on July 16 with a detailed plan.
4) Buyback
|
Date |
KTBs to be purchased |
Amount |
|
July 15
10:40-11:00 am |
KTB 02375-2703 (22-1)
KTB 05250-2703 (07-3)
KTB 02375-2712 (17-7)
KTB 02875-2712 (24-12)
KTB 05500-2803 (08-2)
|
KRW2,000 billion |
* Further details will be provided on July 10 through the BOK website.
5) Conversion offer
|
Date |
KTBs to be issued |
KTBs and KTBis
to be purchased |
Amount |
|
July 3
10:40-11:00 am |
10Y KTB 04250-3606 (26-6)
(Maturing on
June 10, 2036) |
KTBi 01750-2806 (18-5)
KTBi 01125-3006 (20-5)
KTBi 01625-3206 (22-6)
KTBi 00750-3406 (24-6)
* Further details will be provided on June 30 through the BOK website.
|
KRW 100 billion |
|
July 14
10:40-11:00 am |
5Y KTB 03375-3103 (26-3)
(Maturing on
March 10, 2031) |
KTB 01375-3006 (20-4)
KTB 01500-3012 (20-9)
KTB 02000-3106 (21-5)
KTB 03875-4309 (23-9)
KTB 01875-5103 (21-2)
KTB 03250-5403 (24-2)
* Further details will be provided on July 9 through the BOK website.
|
KRW 200 billion |
Please refer to the attached files.
