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The Swedish National Debt Office will on September 30 issue SEK 10 billion in Treasury bills maturing December 17, 2008, as previously announced. The auction volume is somewhat lower than the SEK 15 billion sold in the latest extra auction.
The reason for the limited volumes going forward is that we wish to continuously provide liquidity in T-bills in extra auctions. We still have the possibility to sell a maximum SEK 150 billion in additional auctions.
At present we have a surplus and will as before invest the cash in reverse repos in covered bonds. Tomorrow around SEK 15 billion will be placed in this manner. The tenors will be longer than usual. In addition to this, the cash from the extra T-bill auction will be done in covered bond repos. This means that a total of SEK 25 billion will be done in mortgage bond repos.
For further information, please contact:
Thomas Olofsson, Head of Funding, +46 8 613 47 82 Maria Norström, Deputy Head of Funding, +46 8 613 46 35
