Bid procedure on 15 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 15 July 2020 at the latest. |
| 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 EOL@riksbank.se. |
| Bid date: | Wednesday 15 April 2020 |
| Bid time: | 0900-1000 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: | 1030 (CEST) on the Bid date |
| Delivery and payment date: | Friday, 17 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, 9 April 2020