Today’s auction of 28 days loan with variable rate has now been completed

Date 26/07/2010

The Riksbank decided on 13 February 2009 to establish a special credit facility in SEK with a maturity of 3 and 6 months and variable interest rate. The Riksbank decided on 20 April 2010 to cease to offer loans at maturities of both three and six months, but will replace these with variable-rate loans at a maturity of 28 days.

 

Today’s 28 days auction was completed at 11.00 a.m. today. The offered amount was SEK 25 billion and the minimum interest rate was set at repo rate plus an interest supplement of 0.50 per cent.

 

The total number of bids received in the auction amounted to SEK 5 billions, which was also the total amount allotted. The interest rate was set at repo rate plus an interest supplement of 0.500 per cent, which corresponded to the lowest accepted interest rate in the auction.

 

Additional information was published today at 11:30 in SAXESS/OMFIE on page RIKP.