Norges Bank offers F-loan in US dollars to banks
Norges Bank will offer banks an F-loan in US dollars with a maturity of three months on Thursday, 26 March 2020. The loan will be provided against collateral by means of auction, which will open at 14:00 pm on Thursday. The F-loan’s maximum allotment volume is set at USD 5 billion.
The background for the loan is Norges Bank’s temporary liquidity arrangement with the Federal Reserve, which was announced on 19 March 2020. The Riksbank in Sweden and Nationalbank in Denmark have entered into a corresponding agreement with the Federal Reserve and will offer loans in US dollars on the same day.
Further specified terms and details of the auction will follow.
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