South Korea's finance ministry said Friday that it plans to sell 600 billion won ($530 million) worth of 50-year Treasury bonds next week to meet demand from institutional investors.

Earlier, the ministry said it would sell the longest-dated state bond this month, but the amount has not been fixed. The date for the auction has been set for the upcoming Wednesday.

The ministry sold 325 billion won worth of 50-year Treasurys in March and 540 billion won in June this year.

The finance ministry has been reviewing a plan to additionally sell the country's longest-dated state bonds to meet demand from large scale investors.

In October 2016, the ministry issued its first 50-year state bonds, the nation's longest maturity bonds. (Yonhap)

Kim Sua  edt@koreapost.com

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