South Korea Plans First Won-Denominated FX Bonds in 21 Years
- Won-denominated FX bonds to be issued monthly from Jan. 24
- Won dropped to a 15-year low this month on political, Fed woes
South Korea aims to issue its first won-denominated foreign-exchange stabilization debt in more than two decades next month, according to a finance ministry official with direct knowledge of the plan.
The government plans to sell up to 20 trillion won ($13.8 billion) of debt in 2025, with issuances planned once a month from January 24, said the person, who declined to be identified as the matter is private. The size of the monthly note hasn’t been decided, the person added.