Retail government bond subscriptions collected 1.26 trillion won on the first day… ‘Concentration’ on 10-year terms

[Provided by Mirae Asset Securities],
, ‘On the first day of subscription for individual investment grade treasuries today, amid the inflow of 1.26 trillion won in subscription funds, the 10-year issuance with a limit of 100 billion won exceeded the subscription amount.’,
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, ‘Mirae Asset Securities, the sales agent, announced that 1.032 billion won in subscription amount was gathered today for 10-year maturity individual investment grade treasuries, resulting in a competitive rate of 1.03 to 1.’,
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, ‘However, 227 billion won in subscription funds were received for the longer-maturity 20-year issuance, with a competitive rate of 0.23 to 1.’,
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, ‘Individual investment-grade treasuries are guaranteed by the government, offer some tax benefits, but have restrictions such as inability to sell the bonds to others and not receiving benefits of separated taxation upon early redemption, making it more of a long-term savings investment.’,
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, ‘The yield at maturity is 44% on a pre-tax basis for the 10-year issuance and 108% for the 20-year issuance.’,
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, ‘Individual investment grade treasuries can be subscribed similar to initial public offerings, with sales amounts starting from a minimum of 100,000 won and incrementing in units of 100,000 won.’,
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