PRINT On 17 December the Riksbank offers new SEK loans against commercial paper
In order to improve the supply of loans to the corporate sector, on 28 October the Riksbank decided to set up a temporary credit facility. The loans are provided in an auction procedure and their lifetime is three months. The auctions are planned at two-week intervals. The first auction was held on 5 November.
The next auction will be held on 17 December. The minimum interest rate for this auction is the repo rate plus 0.4 percentage points. The maximum amount of the loans is SEK 40 billion.
A monetary policy counterparty that wants to participate in the auction of 17 December must register the commercial paper programmes the counterparty intends to use no later than 15.00 hours on Friday 12 December.
Notification of participation in the programme is to be made no later than 12.00 hours on 17 December if no such notification has been submitted previously. Payment date is Tuesday 23 December.
More information about the procedure and the terms for the credit facility will be found below.
CONTACT INFOPress Service, +46 (0)8-787 02 00CONTENT EXPERTGeneral SecretariatLAST REVIEWED10/12/2008103 37 Stockholm Brunkebergstorg 11 Phone +46 8 787 00 00 Fax +46 8 21 05 31 Email email@example.com Press contact +46 8 787 02 00