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SEK TENDER OPERATION ANNOUNCEMENT FOR ONWARD LENDING

Sveriges Riksbank
·2-min read

Bid date, 2021-06-18

Auction Day

2021-06-18

Auction Time

10.30-11.00 (CET/CEST) on the Bid date

Offered Amount

SEK 50 billion (total)

Maximum Permitted Bid Volume

SEK 12.5 billion from an individual bidder (in total per Auction Day)

Settlement Date

2021-06-22

Minimum Permitted Bid Volume

SEK 10 million per bid

Maximum Number of Bids per offered Repayment Date

1

Repayment Dates (offered maturities)

29 April 2022 28 April 2023 30 April 2024

Maximum Allocation

25 per cent of Offered Amount

Allocation Time

Not later than 11.30 (CET/CEST) hours on Auction day

Base Period (to establish Base Lending Amount)

1 March 2020 - 28 February 2021

Evaluation Rounds (for calculation of any Additional Interest)

Evaluation Round 1: April 2022 (for Credit with Repayment Date 29 April 2022. 28 April 2023 and 30 April 2024) refers to Comparison Period 1: 1 March 2021 – 28 February 2022 and potential Additional Interest Rate applied to Lending Period 1: from 30 March 2021 up to and including 29 April 2022. Evaluation Round 2: April 2023 (for Credit with Repayment Date 28 April 2023 and 30 April 2024) refers to Comparison Period 2: 1 March 2022 – 28 February 2023 and potential Additional Interest Rate applied to Lending Period 2: from 29 April 2022 up to and including 28 April 2023. Evaluation Round 3: April 2024 (for Credit with Repayment Date 30 April 2024) refers to Comparison Period 3: 1 March 2023 – 29 February 2024 and potential Additional Interest Rate applied to Lending Period 3: from 28 April 2023 up to and including 30 April 2024.

Requirement for Lending Growth

Evaluation Round 1: 1 per cent Evaluation Round 2: 2 per cent Evaluation Round 3: 3 per cent

Interest rate

The Riksbank´s applicable repo rate

Additional interest rate

0.10 per cent

Confirmation of bids to e-mail

eol@riksbank.se

Stockholm, 14 June 2021

This is a translation of the special terms and conditions published on www.riksbank.se. In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms and conditions can be retrieved at www.riksbank.se.