South Korea Sells Samurai, Dollar Bonds to Bolster FX Reserves

South Korea sold around $1.7 billion worth of samurai and dollar notes in a drive to bolster its foreign exchange reserves as the nation faces heightened uncertainties from a trade deal with the US.

The country priced ¥110 billion ($722 million) in a multi-tranche sale of Samurai bonds on Thursday as part of the foreign-exchange stabilization bond sale. It also set the price for a $1 billion of five-year of dollar bonds overnight.