New 20-year nominal bond through syndication
(Thomson Reuters ONE) -
The Swedish National Debt Office has after a dialogue with Primary Dealers and
investors made the assessment that there is a distinct interest in a new 20-year
government bond.
In order to create liquidity in the new loan, the volume should quickly be
raised to SEK 10-20 billion. As our borrowing requirement is limited, the
introduction will be made through exchanges. A candidate for exchange is the
government bond SGB 1047 5% 1 Dec 20.
To effectively create sufficient liquidity, we intend to form a syndicate for
the issuance. All Primary Dealers will be invited to participate. The syndicate
will provide us with a proposal regarding maturity, volume, price and date of
issuance.
The Debt Office uses syndication regularly when issuing bonds in foreign
currency. This is a standard method often used internationally when issuing
larger volumes. Syndication was also used when we introduced the 30-year bond
SGB 1053 3.5% 30 Mar 39.
A new 20-year nominal bond also contributes to better liquidity in the
inflation-linked market as it will make a reference point for the inflation-
linked bond SGB IL 3104 3.5% 1 Dec 28.
An introduction of a 30-year inflation-linked bond will be put on hold. Our
soundings have not indicated sufficient interest. Therefore we have no plans at
present to issue such a bond.
For more information, please contact:
Maria Norström, Head of Funding, + 46 8 613 46 35
Thomas Olofsson, Head of Debt Management, +46 8 613 47 82
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Source: Riksgälden via Thomson Reuters ONE
[HUG#1573101]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 99176
Anzahl Zeichen: 2216
contact information:
Town:
Stockholm
Kategorie:
Business News
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