On 13 July the Riksbank offers loans at fixed interest rate

Date 09/07/2009

On the 1 July the Riksbank decided to offer loans to the monetary policy counterparties at a fixed interest rate and with a maturity of approximately 12 months. The Riksbank’ assessment was that such a supplementary measure was needed to ensure that monetary policy can have the intended effect. 

The loans will be provided in an auction to be held on 13 July. The offered volume in the auction is SEK 100 billion where the monetary policy counterparties present bids stating both interest rates and the desired loan volume. The minimum bid rate is the repo rate with an addition of 0.15 percentage points. The loans are provided against normal collateral and the payment date is 15 July. The maturity of the loan is 350 days, that is, approximately 12 months.