South Korea Prices $3 Billion Sale of Dollar Bonds

South Korea sold $3 billion of dollar bonds Thursday, in an effort to bolster its foreign exchange reserves amid global uncertainties and massive investments pledged under a US trade deal.

The government priced three- and five-year fixed-rate notes, according to a person familiar with the matter. They sold at respective premiums of 9 basis points and 12 basis points above comparable Treasuries, said the person, who asked not to be identified as they’re not authorized to speak publicly. They added that the sale’s proceeds will be put into the country’s Foreign Exchange Stabilization Fund.