On 13 July the Riksbank offers new SEK loans (3 and 6 months)
Date
09/07/2009
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 and at longer maturities. On the 7 May the Riksbank decided to offer also SEK loans with twelve months maturity. The nineteenth and twentieth credit under the new programme will be provided in auctions held on 13 July and will comprise SEK 25 billion in the 3-month auction and 25 billion in the 6-month auction. The loans term to maturity is 84 respective 168 days, which means that the loans will fall due on 7 October 2009 respectively on 30 December 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.
