The Riksbank decided on 13 February to establish a special credit facility in SEK with a maturity of 3 and 6 months and variable interest rate. On 7 May 2009 the Riksbank decided to offer also SEK loans with 12 months maturity.
Auctions of 3- and 12-months loans were completed at 11.30 a.m. today. The offered amount was SEK 25 billion in the respective auction and the minimum interest rate was set at repo rate plus an interest supplement of 0.250 per cent in the 3 month auction and 0.300 percent in the 12 month auction.
The total number of bids received in the 12-month auction (336 days) amounted to SEK 5 billions, which was also the total amount allotted. The interest rate was set at repo rate plus an interest supplement of 0.300 per cent, which corresponded to the lowest accepted interest rate in the auction.
No bids were received in the 3 month auction.
Additional information was published today at 11:30 in SAXESS/OMFIE on page RIKP.