Norges Bank will offer a two-year F-loan by auction.
The closing time for bids in this operation is 26 November at 12 pm. The settlement date is 28 November 2008 and the maturity date is 29 November 2010. Norges Bank will set the fixed interest rate on the F-loan. Banks may submit maximum bids of up to NOK 1 billion. The auction terms will be further specified in a market notice on 25 November at 10 am.
Banks must have sufficient access to loans in Norges Bank before F-loans will be allotted. Banks must collateralise the intended volume as soon as possible after notification of approval of securities (ISIN) has been provided.
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