Programme for long SEK loans at variable interest rate

The Riksbank announced on 13 February that it would be offering loans in Swedish kronor at longer maturities and at a variable interest rate. Loans against normal collateral will be offered with maturities of 3 and 6 months. Loans with commercial paper as collateral will be offered at maturities of 3, 6 and 12 months.

The loans will be offered through an auction procedure and will have maturities of around 3, 6 and 12 months. The maturities that are relevant for the respective auctions are shown in the plan below. The date and exact conditions for each auction will be published at least two days prior to each auction (at least four days for loans against collateral in commercial paper). The announced sums will be set taking into account the prevailing market conditions and the outcome of previous auctions.

The minimum interest rate in the auctions with normal collateral will be set at the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points regardless of the maturity. The loans in Swedish kronor offered with commercial paper as collateral will have a minimum interest rate corresponding to the average repo rate during the maturity of the loan, with a supplement of 0.20 percentage points regardless of the maturity.

Table 1
Dates for planned auctions for SEK loans against normal collateral

Table 2
Dates for planned auctions for SEK loans against commercial paper as collateral

Fore more information, see www.riksbank.se

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