The Riksbank to go on converting the National Debt Office's foreign-currency payments in 1998

The National Debt Office will be repaying government foreign-currency debt in 1998 for a net total of about SEK 25 billion, together with interest payments on the stock of foreign-currency debt that are estimated to total about SEK 20 billion.
The Riksbank's method for handling the net debt repayments will be the same as the one that has been used for overnment foreign-currency interest payments in 1997.

Net repayments and interest payments for a total equivalent to about SEK 45 billion will be converted into foreign currency in the bank system during 1998.

The transactions are performed each trading day between 8.30 and 8.45 a.m. The Riksbank spreads the transactions evenly over time.

The conversions are arranged through institutions with which the Riksbank has a Primary Dealer agreement for the Swedish foreign exchange market. The Riksbank intends these transactions to be completely open.


For further information, please contact:
Richard Gröttheim, telephone: Int. +46 8 696 68 01
Kjell Nordin, telephone: Int. +46 8 696 68 04.