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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]
| Thu 18 May Risk neutral | Fri 19 May Risk neutral | Mon 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.