BOK rolls over US$450 mln in loans to local banks

SEOUL, Sept. 22 (Yonhap) -- South Korea's central bank said Tuesday it has rolled
over US$450 million in maturing loans to local banks to help them shore up their
foreign-currency liquidity.
The Bank of Korea (BOK) said the loans, part of a $30 billion currency swap line
with the U.S. Federal Reserve, were auctioned off to six local lenders. The
central bank withdrew the remaining $550 million of the total $1 billion that
comes due Tuesday.
The 84-day loans were lent at an average interest rate of 0.773 percent,
according to the BOK.
As of Tuesday, the central bank's outstanding loans from the Fed credit line
reached $4.05 billion, it said.
pbr@yna.co.kr
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