ID :
104334
Wed, 02/03/2010 - 12:47
Auther :
Shortlink :
https://www.oananews.org//node/104334
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SC First Bank designated primary dealer for state bonds
SEOUL, Feb. 3 (Yonhap) -- South Korea's government has designated SC First Bank Ltd. as an additional primary dealer that can handle government bonds, the finance ministry said Wednesday.
The bank will be able to handle government bonds starting in March this year,
according to the Ministry of Strategy and Finance. The latest decision brings the
total number of primary dealers here to 20 comprising eight banks and 12
brokerages.
The addition will likely further enhance competition among primary dealers and
bolster overall transactions involving government bonds, the ministry said.
The government plans to sell 77.7 trillion won (US$67.3 billion) worth of
Treasuries this year.
kokobj@yna.co.kr
(END)
The bank will be able to handle government bonds starting in March this year,
according to the Ministry of Strategy and Finance. The latest decision brings the
total number of primary dealers here to 20 comprising eight banks and 12
brokerages.
The addition will likely further enhance competition among primary dealers and
bolster overall transactions involving government bonds, the ministry said.
The government plans to sell 77.7 trillion won (US$67.3 billion) worth of
Treasuries this year.
kokobj@yna.co.kr
(END)
