The Bank of Korea Confirms $1.26 Billion Supply for 5th Korea-US Currency Swap Fund...
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[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 27th that it conducted a competitive foreign currency loan auction worth 4 billion dollars (85-day term) using the Korea-US currency swap funds, resulting in a total bid of 1.264 billion dollars, all of which was awarded.
The awarded amount is scheduled to be actually supplied to the market on the 29th.
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A Bank of Korea official stated, "Considering that the bid size was lower than last week's (2.119 billion dollars), the recent decline in LIBOR rates, and the rise in swap rates, the foreign currency liquidity situation appears to be maintaining a favorable trend," adding, "We plan to conduct additional auctions in the future, taking into account foreign currency funding conditions."
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