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Terms for switch of inflation-linked bond 3109 for 3113
Press release 16 February 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.
| 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.