Date 16/08/2010
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.
The 63rd credit under the program will be provided in an auction held on 23 August and will comprise SEK 50 billion. Term to maturity is 28 days, which means that the loan will fall due on 22 September 2010. The minimum interest rate will correspond to the average repo rate during the maturity of the loan with a supplement of 0.50 percentage points.
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