Government Officially Formalizes US Dollar Forex Stabilization Bond Issuance

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The Ministry of Economy and Finance (MOEF) announced on June 16 that KDB Korea Development Bank, Bank of America (BofA), Citi, Crédit Agricole, and HSBC were selected to manage the issuance of forex stabilization bonds.


The government has announced the selection of agents and the issuance plan for issuance of foreign exchange stabilization bonds, commonly referred to as forex stabilization bonds, denominated in foreign currency. This formalizes the issuance of forex stabilization bonds denominated in U.S. dollars for this year. Consequently, the government anticipates attracting high-quality sovereign, supranational, agency (SSA) investors, including foreign governments, central banks, international organizations, and policy finance institutions.


According to the Ministry of Economy and Finance (MOEF) on June 16, the agencies selected to manage the issuance of forex stabilization bonds include five investment…

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