Indications of interest and views regarding a new 30-year government bond

3 April 2014

The Debt Office will gather interest and views until 30 April regarding a new 30-year government bond. A definitive decision will be published on 17 June in the report Central Government Borrowing 2014:2.

The Debt Office opened up for the possibility of a new 30-year government bond in the February edition of the report Central Government Borrowing 2014:1, should there be a clear demand for long-dated bonds.

The preliminary plan is to replace a small part of the 25-year SGB 1053 3.5% Mar 39 with a new 30-year bond through exchanges. The exchanges will be made in the same nominal amounts in both bonds. Hence, the duration will be extended without increasing the total volume of long-term bonds.

The Debt Office would like to gather investor and primary dealer interest in a new long-dated bond.

  • How great is the interest in a new 30-year government bond and what volumes may be relevant?
  • What conditions need to be met, eg minimum outstanding volume of the new bond?
  • Timing of the exchange?
  • Ideas and suggestions regarding sales method: eg exchange auctions, on-tap exchanges changes by phone, etc.?

A decision will be published in the report Central Government Borrowing 2014:2.

Contact:
Maria Norström, Head of Funding, maria.norstrom@riksgalden.se
Unni Jerndal, Head of Communications, unni.jerndal@riksgalden.se