South Korea will issue 110.1 trillion won ($93.4 billion) worth of state bonds in 2016 to finance its expansionary spending plans aimed at fueling growth, the finance ministry said Tuesday.

The ministry said it will issue 9-10 trillion won worth of Treasurys evenly every month in the new year.

Some 20-30 percent of state bonds will be issued with a maturity of three to five years, with 10-year bonds to account for 25-35 percent, it said. The government will also sell bonds with maturities of 20 and 30 years to spread out the payment burden, the ministry said.

Bonds that come due in 20 years will make up 5-12 percent of the total, and 30-year debts will comprise 8-15 percent.

"Overall sales of bonds should take place without a hitch despite uncertainties related to the U.S. rate hike and the slowdown in the Chinese economy that is causing greater volatility in the financial sector," the ministry said.

It said steps will be taken to enhance the stability and efficiency of the local state bonds to improve liquidity flow that can contribute to the growth of South Korea's capital market. (Yonhap)