BOK to extend loans by six months to keep credit flowing to debt market

SEOUL (Reuters) – South Korea’s central bank on Thursday said it’s policy board approved an extention of loans to a special purpose vehicle for six months through July 2021, to keep credit flowing to the local debt market.

The Bank of Korea provided financing to a SPV which directly purchased 3 trillion won ($2.72 billion) worth corporate debt and commercial paper in July.

($1 = 1,104.4300 won)