Programme for long SEK loans at variable interest rate

The Riksbank announced on 13 February that it would be offering loans in Swedish kronor at longer maturities and at a variable interest rate. Loans against normal collateral will be offered with maturities of 3, 6 and 12 months. Loans with commercial paper as collateral will be offered at maturities of 3, 6 and 12 months.


The loans will be offered through an auction procedure and will have maturities of around 3, 6 and 12 months. The maturities that are relevant for the respective auctions are shown in the plan below. The date and exact conditions for each auction will be published at least two days prior to each auction (at least four days for loans against collateral in commercial paper). The announced sums will be set taking into account the prevailing market conditions and the outcome of previous auctions.


The minimum interest rate in the auctions with normal collateral will be set at the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points regardless of the maturity. The loans in Swedish kronor offered with commercial paper as collateral will have a minimum interest rate corresponding to the average repo rate during the maturity of the loan, with a supplement of 0.20 percentage points regardless of the maturity.

 

Dates for planned auctions for SEK loans against normal collateral

Auction date

Payment date

Maturity date

Replace
previous loan

13 July 2009 15 July 2009 7 October 2009 No
13 July 2009 15 July 2009 30 December 2009 No
27 July 2009 29 July 2009 21 October 2009 No
27 July 2009 29 July 2009 30 June 2010 No
10 August 2009 12 Agust 2009 4 November 2009 Yes
10 August 2009 12 August 2009 27 January 2010 Yes
24 August 2009 26 August 2009 18 November 2009 No
24 August 2009 26 August 2009 28 July 2010 No
7 September 2009 9 September 2009 2 December 2009 Yes
7 September 2009 9 September 2009 24 Februari 2010 Yes

Note. The Riksbank may change the dates of the auctions if the circumstances make this appropriate. Any changes will be notified in good time.

 

Dates for planned auctions for SEK loans against commercial paper as collateral

Auction date

Payment day

Maturity date

Replaces
previous lonas
5 August 2009 11 August 2009 3 November 2009 No
5 August 2009 11 August 2009 26 January 2010 Yes
2 September 2009 8 September 2009 1 December 2009 No
2 September 2009 8 September 2009 23 February 2010 Yes

Note. The Riksbank may change the dates of the auctions if the circumstances make this appropriate. Any changes will be notified in good time.

 

Contact info

Press service, tel. +46 8 787 02 00

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