Date 18/03/2009
On 20 October 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.
The fifth credit under the new programme will be provided in an auction held on 20 March and will comprise SEK 40 billion. The loans term to maturity is 169 days, which means that the loans will fall due on 9 September 2009. 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.
More information about the procedure and the terms, see links below.
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