On 5 October the Riksbank offers new SEK loans (3 and 6 months)

On the 20 October 2008 the Riksbank introduced a programme of recurrent auctions in order to offer SEK loans to the monetary counterparties. On the 13 February 2009, the Riksbank announced that in the future the loans will be offered with a variable interest rate and at longer maturities. On the 7 May the Riksbank decided to offer also SEK loans with twelve months maturity. The thirtyfirst and thirtysecond credit under the new programme will be provided in auctions held on 5 October and will comprise SEK 40 billion in the 3-month auction and 40 billion in the 6-month auction. The loans term to maturity is 84 respective 168 days, which means that the loans will fall due on 30 December 2009 respectively on 24 March 2010. The minimum interest rate will correspond to the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points. Next auction of SEK loans, with 3 respective 12 months term to maturity, will take place on the 19 October. www.riksbank.se

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The Riksbank is Sweden's central bank and an authority under the Riksdag, the Swedish parliament. The Riksbank is responsible for monetary policy with the objective to maintain price stability. The bank has also been given the task to promote a safe and efficient payment system.

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