Terms for switches to government bond SGB1061 - Riksgalden.se

Terms for switches to government bond SGB1061

30 April 2018

The Swedish National Debt Office introduces a new government bond SGB 1061 X% 12 Nov 29. The auction details and the coupon will be published on Wednesday 23 May 2018 at 16:20.

On Wednesday, 30 May SEK 1.5 billion will be issued in a first auction of the new bond SGB 1061. Thereafter the Debt Office is offering switches from SGB 1060 0.75% 12 May 28 and 1057 1.5% 13 Nov 23 to build up volume in the new bond. The switches will be made price risk neutral[1].

Terms of switches to loan 1061

Thu 30 May

Risk neutral

Fri 1 Jun

Risk neutral

Mon 4 Jun

Risk neutral

SNDO buys bond

1060

1060

1057

SNDO buys amount (SEK mn) [2]  

5 700

5 700

4 800

SNDO sells bond

1061

1061

1061

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 bond was announced in the publication Central Government Borrowing – Forecast and Analysis 2018:1 in February. See terms of sale on www.riksgalden.se.

The bid yield on the buy-back bond will be published at 10:45 on the SNDO web site on the day of the auction.

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

For more information, please contact:
Anna Sjulander, Head of Funding, +46 (0)8 613 47 77
Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28



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

[2] The stated nominal volume of bond 1060 and bond 1057 is only an approximation calculated on the basis of today's yields.