On 20 October 2008 the Riksbank introduced a programme of recurrent auctions in order to offer SEK loans to the monetary counterparties. On 13 February 2009, the Riksbank announced that in the future the loans will be offered with a variable interest rate and at longer maturities. On 7 May 2009 the Riksbank decided to offer also SEK loans with twelve months maturity.
The fourteenth credit under the new programme will be provided in an auction held on 1 June and will comprise SEK 35 billion. The loan's term to maturity is 336 days, which means that the loan will fall due on 5 May 2010. The minimum interest rate will correspond to the average repo rate during the maturity of the loan with a supplement of 0.15 percentage points.
The next auction of SEK loans, with maturities of 3 and 12 months respectively, will take place on 15 June. On 29 June SEK loans with maturities of 3 and 12 months respectively will be auctioned.
For further information about the procedure and the terms, see the links below.