Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Monday 06 April, 2020

Sveriges Riksbank

CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER

CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER

Bid procedure on 8 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 8 July 2020 at the latst.
Bids: Counterparties may make one bid per Credit rating class and Bid date.

 

Bids are made to tel 08-696 69 70 and confirmed by e-mail to [email protected]
Bid date: Wednesday 8 April 2020
Bid time: 0830-0930 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 20 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 both a long term and a short term credit rating the highest of these 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 both a long term and a short term credit rating the highest of these will be applied.

 
Price (purchase rate): Class 1: 0.55 per cent

Class 2: 0.85 per cent
Expected allocation time: 1000 (CEST) on the Bid date
Delivery and payment date: Tuesday, 14 April 2020
Delivery of Commercial paper: To the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383
General terms and conditions General terms and conditions for the Riksbank´s purchases of commercial papers via bid procedures 2020:1, dated 30 mars 2020 (see the Riksbank´s web).

Stockholm, 6 April 2020












Complete terms and conditions can be retrieved at http://www.riksbank.se

https://www.riksbank.se/sv/penningpolitik/penningpolitiska-instrument/kop-av-foretagscertifikat/



 



a d v e r t i s e m e n t