South Korea to Issue $2 Billion in Euro-Denominated Foreign Exchange Bonds as Early as July 8

According to investment banking sources, South Korea's Ministry of Economy and Finance is set to issue euro-denominated foreign exchange stabilization bonds as early as July 8, with a remaining issuance limit of $2 billion. The ministry has selected five underwriters including J.P. Morgan, Citi, HSBC, Credit Agricole, and KDB Industrial Bank. Maturity terms of 3 and 7 years are being considered, with the final issuance size to be determined based on market demand.
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