Terms for exchanges in loan 3105 in December
(Thomson Reuters ONE) -
As a market commitment the Swedish National Debt Office offers exchanges
amounting to a total of SEK 20 billion before SGB IL 3105 become shorter than
one year. The first exchange auction will be on 5 and 6 December totaling SEK 5
billion. During the first half-year of 2014, the Debt Office offers additional
exchanges in 3105 for a total of SEK 15 billion.
In these exchange auctions the Debt Office plans to sell the bonds SGB IL
3107 0.5% 1 Jun 17, SGB IL 3108 0.25% 1 Jun 22 and SGB IL 3109 X% 1 Jun 25. The
first auction will be made price risk neutral[1], the second cash neutral[2].
+---------------------------------+----------------------+--------------------+
| Time for exchanges of loan 3105 | Thursday 5 December, | Friday 6 December, |
| | Risk neutral | Cash neutral |
+---------------------------------+----------------------+--------------------+
| Time for buy-back yield | 10.45 | 10.45 |
+---------------------------------+----------------------+--------------------+
| Auction closes | 11.00 | 11.00 |
+---------------------------------+----------------------+--------------------+
| Time for auction result | 11.03 | 11.03 |
+---------------------------------+----------------------+--------------------+
| SNDO buys loan | 3105 | 3105 |
+---------------------------------+----------------------+--------------------+
| SNDO buys amount | | |
| | 3,000 | 2,000 |
| (SEK mn) [3] | | |
+---------------------------------+----------------------+--------------------+
| SNDO sells loan | 3107 | 3107 |
+---------------------------------+----------------------+--------------------+
| SNDO sells amount | | |
| | 2,100 | 2,500 |
| (SEK mn) | | |
+---------------------------------+----------------------+--------------------+
The bid yield on the buy-back loans will be published at 10.45 at our web site.
Bids must be placed before 11.00 a.m. on the day of the auction. The results
will be published around 11.03. However, the auction result may be published
somewhat later. Bidding is only through our primary dealers.
For more information, please see www.riksgalden.se.
For more information, please contact:
Maria Norström, Head of Funding, +46 (0)8 613 46 35
Magdalena Belin, Head of Analysis, + 46 (0)8 613 52 28
[1] The market value of the purchase and sales volume multiplied by the modified
duration of each bond shall be equal.
[2] The market value of purchase and sales volume of each bond shall be equal.
[3] The stated nominal volume of the buy-back loan is only an approximation
calculated on the basis of today's yields.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Riksgälden via Thomson Reuters ONE
[HUG#1740904]
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2013 - 09:30 Uhr
Sprache: Deutsch
News-ID 313240
Anzahl Zeichen: 4026
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Terms for exchanges in loan 3105 in December"
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