The South Korean government issued one-point-five-billion U.S. dollars of foreign exchange equalization bonds at the lowest rate on record. The finance ministry says one billion dollars in dollar-denominated conventional bonds were sold, with the other 5-hundred million being dollar-denominated Green and Sustainability bonds. It's the first time the government is issuing Green and Sustainability bonds with a five-year maturity at a rate as low as 2-point-18 percent. Lower rates means demand for the bonds is high. The ministry adds the sale reaffirms foreign investors' confidence in the local economy at a time of rising global uncertainty.
