Bank of Korea announces 500 billion won MSB issuance
The Bank of Korea (BOK) announced the issuance of Monetary Stabilization Bonds (MSBs) totaling 500 billion won. The bonds, identified as DC026-0504-0910, will be issued on February 2, 2026, with repayment on May 4, 2026.
Auction details for 500 billion won
The MSB DC026-0504-0910 will be issued via competitive bidding on February 2, 2026. The auction is scheduled for 10:00 to 10:10 on the same day, with a total scheduled issue amount of 500 billion won.
Individual institutions are subject to a bidding limit of 300 billion won.
Settlement for successful bids is set for February 2, 2026, by 16:00. The principal will be repaid in full on May 4, 2026. This issuance adheres to the BOK's established Open Market Operations Regulations and Bidding Procedures, ensuring a structured and transparent process for market participants.
The bonds will be issued through electronic registration.
Flexibility in auction amount and bidding
The scheduled MSB issue amount is subject to change under specific conditions, including if the bid amount is less than 180 percent of the auction amount, if bid rates significantly diverge from market rates, or if bids below the successful bid rate exceed the scheduled amount.
Eligible bidders for the electronic competitive bidding process through BOK-Wire+ are institutions qualified for open market operations, excluding those with bidding restrictions.
The minimum auction amount is 10 billion won, with bids in multiples of 10 billion won.
Each institution can bid at up to six different discount rates, specified to the third decimal place.
Source: MSB Issuance Notice(DC026-0504-0910)
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