Terms for switches to government bond SGB 1060

News 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 neutralFri 19 May Risk neutralMon 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.