Date 05/03/2009
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 first credit under the new programme will be provided in an auction held on 9 March and will comprise SEK 25 billion. The loans term to maturity is 84 days, which means that the loans will fall due on 3 June 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.
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