On 2 November the Riksbank offers new SEK loans (3 and 6 months)

Date 29/10/2009

On the 20 October 2008 the Riksbank introduced a programme of recurrent auctions in order to offer SEK loans to the monetary counterparties. On the 13 February 2009, the Riksbank announced that in the future the loans will be offered with a variable interest rate and at longer maturities. On the 7 May 2009 the Riksbank decided to offer also SEK loans with twelve months maturity.

 

The 35th and 36th credit under the new programme will be provided in auctions held on 2 November and will comprise SEK 25 billion in the 3-month auction and 25 billion in the 6-month auction. The loans term to maturity is 84 respective 168 days, which means that the loans will fall due on 27 January 2010 respectively on 21 April 2010. The minimum interest rate will correspond to the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points.

 

Next auction of SEK loans, with 3 respective 12 months term to maturity, will take place on 16 November.