Auction of SEK loans against commercial paper postponed

The Riksbank has decided to postpone the earlier notified auction in Swedish kronor with collateral in commercial paper, from Wednesday, 3 December to Friday, 5 December. This decision has been made with reference to the fact that the monetary policy decision will be published on Thursday, 4 December.

The minimum interest rate for the auction on 5 December is the repo rate plus 0.4 percentage points. The maximum amount of the loans is SEK 40 billion.

A monetary policy counterparty that wants to participate in the auction of 5 December must register the commercial paper programmes the counterparty intends to use no later than 15.00 on Tuesday 2 December. However, it is not necessary to register the programme if the counterparty has already registered it with reference to the earlier notified auction date of 3 December.

Notification of participation in the programme is to be made no later than 12.00 on Friday, 5 December if no such notification has been submitted previously. Payment date is Thursday 11 December. The maturity date is 10 March 2009.

More information about the procedure and the terms for the credit facility can be found on the Riksbank’s website, www.riksbank.se.