Terms for switches to government bond SGB 1060

26 April 2017

The Swedish National Debt Office offers additional switches to bond SGB 1060 0.75% 12 May 28 during the period 18–22 May.

The Debt Office offers switches from SGB 1059 1.00% 12 Nov 26 and SGB 1058 2.5% 12 May 25. The switches will be made price risk neutral.[1]

Switch auctions
 

Thu 18 May
Risk neutral

Fri 19 May
Risk neutral

Mon 22 May
Risk neutral

SNDO buys bond

SGB 1059

SGB 1058

SGB 1059

SNDO buys amount (SEK mn) [2]  

5 500

6 000

2 800

SNDO sells bond

1060

1060

1060

SNDO sells amount (SEK mn)

5 000

5 000

2 500

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 switches were announced in the publication Central Government Borrowing – Forecast and Analysis 2017:1 in February.

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

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

Contact
Anna Sjulander, Deputy Head of Funding, +46 (0)8 613 47 77
Göran Robertsson, Head of Analysis, +46 (0)8 613 46 06



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

[2] The stated nominal volume of bond 1058 and bond 1059 is an approximation calculated on the basis of today's yields.