Terms for switches to government bond 1059
(Thomson Reuters ONE) -
The Swedish National Debt Office introduces a new government bond, SGB 1059 X%
12 Nov 26. The auction details and the coupon will be published on Wednesday 13
May 2015 at 12:05.
On 20 May, SEK 4 billion will be issued in a first auction of the new bond. The
Debt Office is also offering switches for SGB 1058 2.5% 12 May 25 and SGB
1057 1.5% 13 Nov 23 to quickly build up volume in the new loan. The switches
will be made price risk neutral.[1]
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Switch auctions Thu 21 May Fri 22 May Mon 25 May Tue 26 May
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Time for yield on buy-back loan 10:45 10:45 10:45 10:45
Time for auction cut-off 11:00 11:00 11:00 11:00
Time for auction result 11:03 11:03 11:03 11:03
SNDO buys amount (SEK mn) [2] 5 200 5 200 6 400 5 200
SNDO buys loan 1058 1058 1057 1058
SNDO sells amount (SEK mn) 5 000 5 000 5 000 5 000
SNDO sells loan 1059 1059 1059 1059
The new bond was announced in the publication Central Government Borrowing -
Forecast and Analysis 2015:1 in February.
The bid yield on the buy-back loan will be published on riksgalden.se at 10:45
on the day of the auction.
Bids must be placed before 11:00 on the day of the auction. The result will be
published around 11:03 or somewhat later. Bidding is only possible through
primary dealers.
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
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[1] The market value of the purchase and sales volume multiplied by the modified
duration of each bond shall be equal.
[2] The stated nominal volume of loan 1057 and loan 1058 is an approximation
calculated on the basis of today's yields.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1913330]
Unternehmensinformation / Kurzprofil:
Datum: 22.04.2015 - 09:30 Uhr
Sprache: Deutsch
News-ID 387580
Anzahl Zeichen: 2921
contact information:
Town:
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Kategorie:
Business News
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