Programme for long SEK loans at variable interest rate

The Riksbank announced on 13 February that it would be offering loans in Swedish kronor at longer maturities and at a variable interest rate. Loans against normal collateral will be offered with maturities of 3, 6 and 12 months. Loans with commercial paper as collateral will be offered at maturities of 3, 6 and 12 months.

The loans will be offered through an auction procedure and will have maturities of around 3, 6 and 12 months. The maturities that are relevant for the respective auctions are shown in the plan below. The date and exact conditions for each auction will be published at least two days prior to each auction (at least four days for loans against collateral in commercial paper). The announced sums will be set taking into account the prevailing market conditions and the outcome of previous auctions.

The minimum interest rate in the auctions with normal collateral will be set at the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points regardless of the maturity. The loans in Swedish kronor offered with commercial paper as collateral will have a minimum interest rate corresponding to the average repo rate during the maturity of the loan, with a supplement of 0.20 percentage points regardless of the maturity.

 

Dates for planned auctions for SEK loans against normal collateral

Auction date	Payment date	Maturity date	Replace previous loan
13 July 2009	15 July 2009	7 October 2009	No
13 July 2009	15 July 2009	30 December 2009	No
27 July 2009	29 July 2009	21 October 2009	No
27 July 2009	29 July 2009	30 June 2010	No
10 August 2009	12 Agust 2009	4 November 2009	Yes
10 August 2009	12 August 2009	27 January 2010	Yes
24 August 2009	26 August 2009	18 November 2009	No
24 August 2009	26 August 2009	28 July 2010	No
7 September 2009	9 September 2009	2 December 2009	Yes
7 September 2009	9 September 2009	24 Februari 2010	Yes

Note. The Riksbank may change the dates of the auctions if the circumstances make this appropriate. Any changes will be notified in good time.

 

Dates for planned auctions for SEK loans against commercial paper as collateral

Auction date	Payment day	Maturity date	Replaces previous lonas
5 August 2009	11 August 2009	3 November 2009	No
5 August 2009	11 August 2009	26 January 2010	Yes
2 September 2009	8 September 2009	1 December 2009	No
2 September 2009	8 September 2009	23 February 2010	Yes

Note. The Riksbank may change the dates of the auctions if the circumstances make this appropriate. Any changes will be notified in good time.