Norges Bank Allots US$3 bln In One Month swap auction

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13:31 GMT

Sep 2008

Norges Bank Allots US$3 bln In One Month swap auction

(RTTNews) - Tuesday, the Norges Bank said it allotted US$3 billion to market participants in its one month swap auction. The central bank received bids totaling US$6 billion.

The settlement is on October 2 and maturity on November 3.

The weighted average price was 106.17 and the weighted dollar interest rate was 3.60 % based on the NOK interest rate of 5.75%.

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