Terms for exchanges to a new inflation-linked bond
(Thomson Reuters ONE) -
The Swedish National Debt Office is introducing a new inflation-linked bond
(loan 3108) maturing on 1 June, 2022. The loan will have deflation protection.
The base index for calculation of the inflation compensation is CPI for June
2011: 311.28. See terms of sale onwww.riksgalden.se. The auction terms will be
published on Thursday, 8 September at 4.20 pm. The coupon will also be published
then. The loan was previously announced in the publication Central Government
Borrowing - Forecast and Analysis 2011:1 in May.
On Thursday, 15 September SEK 750 million of loan 3108 will be issued in a first
auction. To quickly build up volume in the new loan, we offer exchanges for loan
3105 (3.5 %, 1 December, 2015), 3102 (4 %, 1 December, 2020) and 3104 (3.5 %, 1
December 2028). The exchanges will be made in nominal amounts, i.e. we buy the
same nominal amount as we issue in 3108.
All exchanges will take place during the period 16-20 September (three days
after the first auction) according to the following timetable:
Date for exchanges Friday 16 September Monday 19 September Tuesday 20
of loan 3108 September
Time for publishing
yield on buy back 10:45 10:45 10:45
loan
Time for auction cut 11:00 11:00 11:00
off
Time for auction 11:10 11:10 11:10
result
SNDO buys amount 5,000 5,000 5,000
(SEK mn)
SNDO buys loan 3102 3104 3105
SNDO sells amount 5,000 5,000 5,000
(SEK mn)
SNDO sells loan 3108 3108 3108
The exchanges will be carried out in the form of auctions. The bid yield on the
buy-back will be published 15 minutes before the cut off of the auction on our
web site www.riksgalden.se and on the PMI page for auction details. The result
will be notified on the PMI page for auction results 10 minutes 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.
We are providing market support repos (T/N) in 3108, as well as in the other
government securities, at 40 basis points under the Riksbank's repo rate.
For more information, please contact:
Magdalena Belin, Head of Analysis, phone +46 (0)8 613 52 28
Maria Norström, Head of Funding, phone +46 (0)8 613 46 35
This announcement is distributed by Thomson Reuters on behalf of
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(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#1541015]
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 59129
Anzahl Zeichen: 3407
contact information:
Town:
Stockholm
Kategorie:
Business News
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