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Terms for switch to government bond SGB 1065
Press release 5 May 2022
The Swedish National Debt Office will offer a switch to government bond SGB 1065 2nd of June.
The switch is offered to build up the outstanding volume of SGB 1065. The switch will be made price risk neutral.1
| 2 June Risk neutral | |
|---|---|
|
SNDO sells bond |
1065 |
|
SNDO sells amount (SEK mn) |
2,000 |
|
SNDO buys bond |
1056 |
|
SNDO buys amount (SEK mn)2 |
2,200 |
|
Time for yield on buy back bond |
10.45 |
|
Time for auction cut-off |
11.00 |
|
Time for auction result |
11.03 |
The bid yield on the buy-back bond will be published at 10.45 a.m. on the day of the auction on https://www.riksgalden.se/en/our-operations/central-government-borrowing/.
Bids must be placed before 11.00 a.m. by the Debt Office’s primary dealers. The results will be published at 11:03 a.m. or somewhat later.
The dates for the switches were announced in the publication Central Government Borrowing – Forecast and Analysis 2022:1 in February.
Contact
Johan Bergström, Head of funding, +46 8 613 45 68
Anna Olofsson, Head of analysis, +46 8 613 45 98
[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 the buy-back bond is an approximation based on today's yields.