March 24, 2020 / 7:49 PM / 15 days ago

Norway central bank to auction $5 bln to banks on Thursday

OSLO, March 24 (Reuters) - Norway’s central bank said on Tuesday it would offer an F-loan in U.S. dollars with a maturity of three months, in a move coordinated with Danish and Swedish central banks.

The auction will will open at 1400 CET (1300 GMT) on Thursday and will have a maximum allotment volume of $5 billion.

Last week, the U.S. Federal Reserve opened up swap lines to nine central banks including those of Denmark, Norway and Sweden to tap up a combined total of $450 billion. (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

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