Terms of exchange offer for 1054
(Thomson Reuters ONE) -
To continue to build up the volume in loan 1054 (3.5 %, 1 June, 2022), the
Swedish National Debt Office offers exchanges for loan 1047 (5.0 %, 1 December,
2020) on the 30 and 31 of May. The exchanges will be made risk price neutral[1]
for a total of SEK 10 billion.
+--------------------------------------------+---------------+----------------+
| Date for exchanges of loan 1054 | Monday 30 May | Tuesday 31 May |
+--------------------------------------------+---------------+----------------+
| Time for publishing yield on buy back loan | 10:45 | 10:45 |
+--------------------------------------------+---------------+----------------+
| Time for auction cut off | 11:00 | 11:00 |
+--------------------------------------------+---------------+----------------+
| Time for auction result | 11:10 | 11:10 |
+--------------------------------------------+---------------+----------------+
| SNDO buys amount (SEK mn)[2] | 5,300 | 5,300 |
+--------------------------------------------+---------------+----------------+
| SNDO buys loan | 1047 | 1047 |
+--------------------------------------------+---------------+----------------+
| SNDO sells amount (SEK mn) | 5,000 | 5,000 |
+--------------------------------------------+---------------+----------------+
| SNDO sells loan | 1054 | 1054 |
+--------------------------------------------+---------------+----------------+
The exchanges will be carried out in the form of auctions. The exchange offer
requires that the cost for the Debt Office will be very limited. The Debt Office
will notify the bid yield on the buy back loan on the PMI page for auction
details before the cut off of the auction. The result will be notified on the
PMI page for auction results after the closing of the auction. Further details
about the result will be available on the PMI page for exchange offers. The
information will also be available on www.riksgalden.se.
For more information please contact:
Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28
Maria Norström, Head of Funding, +46 (0)8 613 46 35
[1] The market value of the purchase and sale volume multipled by the modified
duration of each respective bond shall be equal.
[2] The stated nominal volume of loan 1047 is only an approximation calculated
on the basis of today's yields.
Terms of exchange offer for 1054:
http://hugin.info/133745/R/1517716/454336.pdf
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Source: Riksgälden via Thomson Reuters ONE
[HUG#1517716]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 54892
Anzahl Zeichen: 3464
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Terms of exchange offer for 1054"
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