2026-08-13
Added
The issuance of Monetary Stabilization Bond DC026-1117-0910 is announced by the Bank of Korea, with an issue date of August 18, 2026, and a repayment date of November 17, 2026. This bond has a scheduled issue amount of 600 billion won and will be issued through competitive bidding via BOK-Wire+ on August 14, 2026. Eligible institutions for open market operations can participate, with a bidding limit of 360 billion won per institution and a minimum auction amount of 10 billion won. The scheduled issue amount may be adjusted under specific conditions, such as bid amounts being less than 180% of the auction amount or bid rates significantly differing from market rates.
Monetary Stabilization Bond DC026-1117-0910 Issuance Notice Aug 13, 2026 The Bank of Korea announces the issuance of MSB DC026-1117-0910 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
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