Terms for exchanges to government bond 1047


The Swedish National Debt Office offers exchanges to bond SGB 1047 5% 1 Dec 20 during the period 13-14 November.

The Debt Office offers exchanges for SGB 1052 4.25% 12 Mar 19. The exchanges will be made price risk neutral.[1]

Terms for exchanges

Time for exchanges to loan 1047 Thu 13 Nov Fri 14 Nov
Time for yield on buy-back loan 10.45 10.45
Time for auction cut-off 11.00 11.00
Time for auction result 11.03 11.03
SNDO buys amount (SEK mn) [2]   7 200 7 200
SNDO buys loan 1052 1052
SNDO sells amount (SEK mn) 5 000 5 000
SNDO sells loan 1047 1047

The exchange auctions were announced in the publication Central Government Borrowing - Forecast and Analysis 2014:2 in June.

The bid yield on the buy-back loan will be published at 10:45 am on our web site on the day of the auction.

Bids must be placed before 11:00 am on the day of the auction. The result will be published around 11:03 or somewhat later. Bids can only be made through primary dealers.

For more information, please contact:
Maria Norström, Head of Funding, +46 (0)8 613 46 35
Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28



[1] The market value of the purchase and sale volume multiplied by the modified duration of each respective bond shall be equal.

[2] The stated nominal volume of loan 1047 is only an approximation calculated on the basis of current yields.

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