Updated 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 are offered with maturities of 3 and 6 months. Loans with commercial paper as collateral are offered at maturities of 3, 6 and 12 months. The programme has now been extended to include a further auction in Swedish kronor against normal collateral on 8 April.

The reason the programme has been extended is to roll over the 6-month loan in Swedish kronor against normal collateral that matures on 14 April. The date for the new auction is 8 April, with the payment date of 14 April and maturity on 7 October. The exact terms for the auction will be published at least two days prior to the auction.

The minimum interest rate in the auction will be set at the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points.

The entire programme of planned auctions of SEK loans against normal collateral and planned auctions of SEK loans with commercial paper as collateral can be found on the Riksbank’s website, 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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