On 7 February 2018, 0.1 per cent inflation-linked bullet loan 2030 (ISIN: DK0009923724) will be opened. The government bond will be linked to the Danish consumer price index, CPI. The interest payment date will be 15 November and the bond will be repaid on 15 November 2030.
The new bond will replace 0.1 per cent inflation-linked bullet loan 2023 as key on-the-run issue. After this the central government can conduct buy-backs in 0.1 per cent inflation-linked bullet loan 2023.
The sale will commence via MTS Denmark's auction system with primary dealers as counterparts. The opening is contingent on stable market conditions. At the auction, the target for the total sale is 3-5 DKK billion at nominal value.
As from 8:00 a.m. (CET) on the opening day, bids can be submitted until 10:15 a.m. Bids are to be submitted in real terms, i.e. excluding inflation uplift. Subsequently, a cut-off price will be fixed as quickly as possible and within 10 minutes at the latest. Bids at the cut-off price or above will be accommodated at the cut-off price. A pro-rata allocation of bids at the cut-off price may be applied.
Terms of borrowing can be viewed on www.governmentdebt.dk under "Investor relations".
SECURITIES LENDING
0.1 per cent inflation-linked bullet loan 2030 will be included in the cen-tral government's securities lending facility from 7 February 2018.
FURTHER INFORMATION
For further information please contact Lars Mayland Nielsen on tele-phone +45 3363 6102.
