2026-07-31
Added
The Bank of Korea issues Monetary Stabilization Bond DC026-1103-0910 with a scheduled amount of 600 billion won, subject to a per-institution bidding limit of 360 billion won. The bond is sold via Dutch auction on August 3, 2026, with settlement required by 16:00 on August 4, 2026, and full principal repayment due on November 3, 2026. Eligible institutions must bid in increments of 0.5 basis points, with winning bids determined sequentially from the lowest rate up to the scheduled issue amount.
Monetary Stabilization Bond DC026-1103-0910 Issuance Notice Jul 31, 2026 The Bank of Korea announces the issuance of MSB DC026-1103-0910 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