FX Auction

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The announcement of the competitive auction through USD loan facility(2nd)

FX market Team (02-759-5834) 2020.04.06 886
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□ The facility is funded by the USD liquidity swap arrangement between the BOK and the US Federal Reserve.

□ Key details

  o Auction date and time of auction: 10:00 am to 10:30 am Tuesday, April 7, 2020

  o Auction Type: variable-rate auction

  o Offering amount: USD 8.5 billion (8 days tenor: USD 1.5 billion, 84 days tenor: USD 7 billion)

  o Value date: Thursday, April 9, 2020

  o Maturity date: Friday, April 17, 2020(8 days), Thursday, July 2, 2020(84 days)

  o Minimum bid amount: USD 1 million

  o Maximum bid amount: USD 0.225 billion(8 days), USD 1.05 billion(84 days)

  o Minimum bid rate: To be announced at 9 am on the day of the auction. (OIS corresponding to each maturity+25bp)