8월 개인투자용 국채 1500억 원 발행…20년물 만기 수익률 161.8%

Korea's August Retail Treasury Bonds: 150 Billion Won; 20-Year Returns 161.8% at Maturity

Part of the July 30, 2026 daily edition

재정경제부는 개인만 매입할 수 있는 개인투자용 국채를 8월에 1500억 원 규모로 발행한다고 밝혔습니다. 올해 1~3월 청약률이 200%를 넘어 완판됐음에도 불구하고, 월간 발행 규모는 4월 2100억 원에서 7월 1600억 원으로 축소돼 왔습니다. 8월에는 5년물에 전체의 46.7%가 배정된 데 반해, 20년물은 200억 원에 그쳤습니다. 20년물 표면금리는 동일 만기 국고채의 7월 낙찰금리에 따라 연 4.530%로 정해졌고, 가산금리 0.4%포인트가 더해집니다. 만기까지 보유하면 이자가 복리로 적용돼 20년물의 세전 수익률은 원금 대비 약 161.8%에 이릅니다. 다만 중도환매하면 가산금리와 분리과세 혜택은 적용되지 않고 원금과 단리 이자만 지급됩니다. 청약은 8월 10일부터 14일까지 진행됩니다.

Translation

Korea's finance ministry (재정경제부) announced that it will issue 150 billion won worth of retail treasury bonds — savings-type government bonds that only individuals may buy — in August. Despite the fact that they sold out from January to March this year with subscription rates above 200%, the monthly issuance size has been shrinking, from 210 billion won in April to 160 billion won in July. In August, 46.7% of the total was allocated to the five-year bond, whereas the 20-year bond was limited to 20 billion won. The coupon rate on the 20-year bond was set at an annual 4.530% in accordance with July's winning bid rate on government bonds of the same maturity, with a further 0.4 percentage point premium added on top. If held to maturity, the interest compounds, and the pre-tax return on the 20-year bond comes to about 161.8% of the principal. If redeemed early, however, neither the premium rate nor the separate-taxation benefit applies, and only the principal and simple interest are paid. Subscriptions run from August 10 to 14.

Vocabulary

개인투자용 국채명사 (noun)retail treasury bond (a savings-type government bond only individuals may buy)
청약률명사 (noun)subscription rate (demand as a share of the amount offered)
축소되다동사 (verb)to be reduced, to shrink
배정되다동사 (verb)to be allocated, to be assigned
표면금리명사 (noun)coupon rate (the stated interest rate on a bond)
국고채명사 (noun)treasury bond (the standard government bond sold to the market)
낙찰금리명사 (noun)winning bid rate (the yield set at auction)
가산금리명사 (noun)premium rate added on top of the base rate
복리명사 (noun)compound interest
단리명사 (noun)simple interest (interest on the principal only)
중도환매명사 (noun)early redemption (cashing in before maturity)
분리과세명사 (noun)separate taxation (taxed apart from total income)

Grammar points

-(으)ㅁ에도 불구하고despite the fact that

A formal written connective. The verb is first turned into a noun with -(으)ㅁ (했음, 넘었음, 완판됐음), then 에도 불구하고 marks a strong contrast: the second clause happens even though the first is true. It belongs to news and report writing; in speech people say -는데도 instead.

Example: 청약률이 높았음에도 불구하고 발행 규모는 줄었습니다.

Despite the high subscription rate, the issuance size was cut.

-(으)ㄴ/는 데 반해whereas, while by contrast

Used to set two facts side by side as opposites. Attach 는 데 반해 to a present-tense verb, and -(으)ㄴ 데 반해 to an adjective or to a past-tense verb (배정된 데 반해). Unlike -지만, which simply concedes, this form invites the reader to compare the two clauses directly — which is why it is common when contrasting figures.

Example: 5년물에는 전체의 46.7%가 배정된 데 반해 20년물은 200억 원에 그쳤습니다.

46.7% of the total went to the five-year bond, whereas the 20-year bond was limited to 20 billion won.

N에 따라in accordance with N

Marks the standard or rule that determines something. With a fixed criterion it means 'as determined by' (기준에 따라 정해지다); with a variable it means 'varying with' (상황에 따라 다르다). Distinguish it from N에 따르면, which reports a source ('according to N').

Example: 금리는 시장 상황에 따라 결정됩니다.

The interest rate is set in accordance with market conditions.

8월 개인투자용 국채 1500억 원 발행…20년물 만기 수익률 161.8%

Translation

Vocabulary

Grammar points

-(으)ㅁ에도 불구하고despite the fact that

-(으)ㄴ/는 데 반해whereas, while by contrast

N에 따라in accordance with N

More in this edition

조숙진, 20년 만의 대규모 개인전 '지나가는 자리'

전국 농지 전수조사, 대상 농지 27%에 위반 의심

해외 가짜 K-브랜드, 사진 찍어 신고

행정안전부, 하천·계곡 불법시설 정비 알리는 국민 캠페인 시작