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Taiwan central bank drains 176.6 bln twd via 2.04/2.13/2.23 pct NCDs


Published : Fri, 21 Dec 2007 10:58
By : Agencies
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TAIPEI (XFN-ASIA) - The central bank said it drained a combined 176.6 bln twd from the money market via offers of negotiable certificates of deposit, including 38.8 bln twd via 30-day NCDs at a fixed rate of 2.04 pct.

The bank also drained 28.7 bln twd via an offer of 91-day NCDs at 2.13 pct and 109.1 bln twd via 182-day NCDs at 2.23 pct, it said.

In today's trade, the average overnight interbank rate was last quoted at 2.085 pct, compared with the previous close of 2.035 pct, dealers said.

(1 usd = 32.50 twd)

adela.lin@afxasia.com

-

xfnal/xfnrc

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Copyright Thomson Financial News Limited 2007. All rights reserved.

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