Terms for switches to government bond SGB 1059

4 November 2015

The Swedish National Debt Office offers additional switches to bond SGB 1059 1.00% 12 Nov 26 during the period 26–30 November.

The Debt Office offers switches from SGB 1058 2.5% 12 May 25 and SGB 1057 1.5% 13 Nov 23. The switches will be made price risk neutral.[1] 

Switch auctions

 

Thu 26 Nov

Fri 27 Nov

Mon 30 Nov

SNDO buys bond

1058

1057

1058

SNDO buys amount (SEK mn) [2]  

5 200

6 400

5 200

SNDO sells bond

1059

1059

1059

SNDO sells amount (SEK mn)

5 000

5 000

5 000

Time for yield on buy-back bond

10.45

10.45

10.45

Time for auction cut-off

11.00

11.00

11.00

Time for auction result

11.03

11.03

11.03

The switch auctions were announced in the publication Central Government Borrowing – Forecast and Analysis 2015:2 in June.

The bid yield on the buy-back bond will be published at 10:45 on riksgalden.se/borrowing on the day of the auction.

Bids must be placed before 11:00 on the day of the auction. The result will be published at around 11:03 or somewhat later. Bidding is only possible by 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



[1] The market value of the purchase and sales volume multiplied by the modified duration of each respective bond shall be equal.

[2] The stated nominal volume of loan 1057 and loan 1058 is only an approximation calculated on the basis of today's yields.