SEOUL, Oct 23 (Reuters) – South Korea’s monetary authorities will elevate the ceiling for his or her company bond-buying facility to 16 trillion gained ($11 billion) from the present 8 trillion gained, Finance Minister Choo Kyung-ho stated on Sunday.
The measure is aimed toward easing considerations of a liquidity crunch in company bond and short-term cash markets, Choo stated after a gathering with prime monetary officers, together with the Financial institution of Korea governor and monetary regulatory company chief.
Business paper issued by securities companies might be included within the facility’s buy listing, whereas a further 3 trillion gained of liquidity might be provided by the Korea Securities Finance Company for securities companies experiencing non permanent liquidity shortages, he stated.
($1 = 1,428.3200 gained)
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Reporting by Jihoon Lee; Enhancing by Christopher Cushing and William Mallard
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