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 to government bond SGB1060
News 12 December 2016
The Swedish National Debt Office introduces a new government bond SGB 1060 X% 12 May 28. The auction details and the coupon will be published on Wednesday 18 January 2017 at 16:20.
On Wednesday, 25 January SEK 3 billion will be issued in a first auction of the new bond SGB 1060. Thereafter the Debt Office is offering switches from SGB 1059 1.0% 12 Nov 26 and 1058 2.5% 12 May 25 to quickly build up volume in the new bond. The switches will be made price risk neutral[1] and cash neutral[2]
|
|
Thu 26 Jan Risk neutral |
Fri 27 Jan Risk neutral |
Mon 30 Jan Risk neutral |
Tue 31 Jan Cash neutral |
|
SNDO buys bond |
SGB 1059 |
SGB 1059 |
SGB 1058 |
SGB 1059 |
|
5 500 |
5 500 |
5 900 |
4 800 |
|
|
SNDO sells bond |
SGB 1060 |
SGB 1060 |
SGB 1060 |
SGB 1060 |
|
SNDO sells amount (SEK mn) |
5 000 |
5 000 |
5 000 |
5 000 |
|
Time for yield on buy-back bond |
10.45 |
10.45 |
10.45 |
10.45 |
|
ime for auction cut-off |
11.00 |
11.00 |
11.00 |
11.00 |
|
Time for auction result |
11.03 |
11.03 |
11.03 |
11.03 |
The bond was announced in the publication Central Government Borrowing – Forecast and Analysis 2016:3 in October. See terms of sale on www.riksgalden.se.
The bid yield on the buy-back bond will be published at 10:45 on the SNDO web site on the day of the auction.
Bids must be placed before 11:00 on the day of the auction. The results will be published around 11:03. However, the auction result may be published 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
Göran Robertsson, Head of Analysis, +46 (0)8 613 46 06
[1] The market value of the purchase and sale volume multiplied by the modified duration of each respective bond shall be equal.
[2] The market value of purchase and sale volume of each bond shall be equal.
[3] The stated nominal volume of bond 1058 and bond 1059 is only an approximation calculated on the basis of today's yields.