2026-05-29
Added · Updated
The Bank of Korea announces the issuance of Monetary Stabilization Bond DC026-0901-0910 with a scheduled amount of 500 billion won, maturing on September 1, 2026. Eligible financial institutions will participate in a Dutch auction on June 1, 2026, with individual bidding limits capped at 300 billion won and full settlement required by June 2. The notice details electronic bidding procedures via BOK-Wire+, establishes discount rate submission rules, and reserves the right to adjust the final issue amount based on bid coverage and market rate deviations.
Monetary Stabilization Bond DC026-0901-0910 Issuance Notice May 29, 2026 The Bank of Korea announces the issuance of MSB DC026-0901-0910 as follows.
(Appendix) Details of MSB Issuance
billion won. The bidding limit for each institution is set at within 60% of the scheduled issue amount of competitive bidding. ㅇ Application method for auction : specify the discount rate up to the third decimal place (in increments of 0.5bp) – One institution can bid at up to six different rates (However, re-bidding at the same rate is not allowed). C. How to determine a successful bid ㅇ Winning bidders are determined sequentially, starting with the lowest rate among the bids and working up to the scheduled issue amount. – If the amount of bids at the same rate exceeds the scheduled issue amount, excess bids may be accepted within a range of up to 20% of the scheduled issue amount, if necessary. ㅇ Successful bid rate – The highest winning rate determined by competitive bidding (dutch auction) D. Settlement date: Refer to the Notice ㅇ Each winning bidder will pay at the winning rate through its current account established with the Bank of Korea. ㅇ The Issue price is calculated in milions of won (rounding down for amounts less than one million won). <Formula for calculating issue price> Issue Price = Face Value × (1- × ) : discount rate on issuance : number of days left until maturity