At riksgalden.se, we use cookies to improve your experience on our website and to collect statistics. We also use cookies for analyzing to improve our website. More about cookies.
Terms for switches in inflation-linked bond SGB IL 3110
News 10 November 2017
As a market commitment, the Debt Office offers switch auctions amounting to a total of approximately SEK 5 billion before SGB IL 3110 becomes shorter than one year. The switch auctions will be held on 8 and 11 December.
The offered bond in the switch auctions is SGB IL 3108. The first auction will be made price risk neutral [1] and the second cash neutral[2].
| Fri 8 December Risk neutral | Mon 11 December Cash neutral | |
|---|---|---|
|
SNDO sells bond |
3108 |
3108 |
|
SNDO sells amount (SEK mn) |
770 |
2 330 |
|
SNDO buys bond[3] |
3110 |
3110 |
|
SNDO buys amount (SEK mn) |
2 500 |
2 500 |
|
Time for yield on buy-back loan |
10.45 |
10.45 |
|
Time for auction cut-off |
11.00 |
11.00 |
|
Time for auction result |
11.03 |
11.03 |
The switches were announced in the publication Central Government Borrowing – Forecast and Analysis 2017:2 in June.
The buy-back yield will be published at 10:45 on the day of the auction on riksgalden.se/borrowing.
Bids must be placed before 11:00 am on the day of the auction. The results will be published 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