Markets

BOK to extend loans by six months to keep credit flowing to debt mkt

  • The Bank of Korea provided financing to a SPV which directly purchased 3 trillion won.
Published December 24, 2020

SEOUL: South Korea's central bank on Thursday said it's policy board approved an extention of loans to a special purpose vehicle for six months through July 2021, to keep credit flowing to the local debt market.

The Bank of Korea provided financing to a SPV which directly purchased 3 trillion won ($2.72 billion) worth corporate debt and commercial paper in July.

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