Terms for switch of inflation-linked bond 3109 for 3113

Press release 16 helmikuuta 2024

The Swedish National Debt Office offers a switch auction in the 3109 inflation-linked bond maturing on 1 June 2025, aiming to decrease the outstanding volume before the time to maturity is shorter than one year. The switch auction will be held on 8 March.

In the switch auction, the Debt Office plans to sell the 3113 inflation-linked bond maturing on 1 December 2027. The switch will be made cash neutral1.

Switch auction
 Fri 8 Mar
Cash neutral
SNDO buys bond 3109
SNDO buys amount (SEK mn)2 2,860
SNDO sells bond 3113
SNDO sells amount (SEK mn) 3,000
Time for yield on buy-back bond 10.45
Time for yield on buy-back bond 11.00
Time for auction result 11.03

The switch auction was announced in the publication Central Government Borrowing – Forecast and Analysis 2023:3 in October.

The bid yield on the buy-back bond will be published at 10:45 on the day of the auction on riksgalden.se/borrowing. Bids must be placed before 11:00 through the Debt Office’s primary dealers. The result will be published at 11:03 or somewhat later.

Contact

Johan Bergström, Head of Funding, +46 (0)8 613 45 68
Anna Olofsson, Head of Analysis, +46 (0)8 613 45 98


1 The market value of the purchase and sales volume of each bond shall be equal.
2 The stated nominal volume of SGB IL 3109 is an approximation based on today's yields.