Bid procedure on 2 April 2020
| Certificate: | Commercial paper issued in SEK by non-financial companies with a registered office in Sweden and with a remaining maturity of up to three months on the Bid date, i.e.-with the maturity date on 2 July 2020 at the latst. |
| Bids: | Counterparties may make one bid per Credit rating class and Bid date. |
| Bid date: | Thursday 2 April 2020 |
| Bid time: | 0900-0930 hours (CEST) on the Bid date |
| Requested volume: (corresponding nominal amount) | SEK 4 billion |
| Highest permitted bid volume: (corresponding nominal amount) | The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 4 billion. No bid may contain Commercial paper in excess of SEK 250 million issued by the same issuer. |
| Lowest permitted bid volume: (corresponding nominal amount) | The total bid volume from one Counterparty should not be less than SEK 100 million and not be less than SEK 50 million per Commercial paper (ISIN code). |
| Credit rating classes: | The requested volume is divided into two credit rating classes. Credit rating refers to the issuer’s credit rating. Class 1: No less than a long-term credit rating of A- with S&P, A3 with Moody’s or A- with Fitch, and/or no less than a short-term credit rating of A-2 with S&P, P-2 with Moody’s or F2 with Fitch. If there are several credit ratings the highest will be applied. Class 2: No less than a long-term credit rating of BBB- with S&P, Baa3 with Moody’s or BBB- with Fitch and/or no less than a short-term credit rating of A-3 with S&P, P-3 with Moody’s and F3 with Fitch. If there are several credit ratings the highest will be applied. |
| Price (purchase rate): | Class 1: 0.65 per cent Class 2: 0.85 per cent |
| Expected allocation time: | 1000 (CEST) on the Bid date |
| Delivery and payment date: | Monday, 6 April 2020 |
| Delivery of Commercial paper: | To the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383 |
Stockholm, 30 March 2020