On 30 January 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 30 January. The minimum interest rate for this auction is the repo rate plus 0.4 percentage points. The offered amount of the loans is SEK 40 billion.
A monetary policy counterparty that wants to participate in the auction of 30 January must register the commercial paper programmes the counterparty intends to use no later than 15.00 hours on Tuesday 27 January.
Notification of participation in the programme is to be made no later than 12.00 hours on 30 January if no such notification has been submitted previously. Payment date is Thursday 5 February.
More information about the procedure and the terms for the credit facility will be found below.