The Bank of Korea to Conduct Competitive Bidding for $4 Billion Foreign Currency Loan on the 14th
[Asia Economy Reporter Kim Eunbyeol] The Bank of Korea announced on the 13th that it will conduct the 3rd competitive bidding foreign currency loan using the currency swap with the U.S. Federal Reserve (Fed) on the 14th.
The bidding will take place from 10:00 AM to 10:30 AM on the 14th and will be conducted through electronic bidding via the Bank of Korea Financial Network electronic bidding system. The total amount planned for bidding is $4 billion, consisting of a 6-day tranche ($500 million) and an 83-day tranche ($3.5 billion).
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The minimum bid interest rate will be announced at 9:00 AM on the 14th through the website bulletin board and the Bank of Korea Financial Network.
This content was produced with the assistance of AI translation services.
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