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