Switzerland's central bank confirmed Monday it is weighing the possibility of purchasing South Korean government bonds as it seeks to diversify its investment portfolio.
"Investors wishing to buy South Korean government securities have to register their intention of doing so with the authorities, and this we have done," said Walter Meier, press spokesman at the Swiss National Bank.
A South Korean Ministry of Finance official last month said the SNB, along with other foreign central banks, was interested in investing in the Asian country's treasuries, but gave no further details.
"The SNB is weighing the purchase of South Korean bonds, and the registration is a preliminary step in that process," Meier said.
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