Bid date 15 April 2020

Special terms and conditions for the Riksbank's purchases of commercial paper via bid procedure 2020:3
  Bid procedure 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 latst.

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 several credit ratings the highest 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 several credit ratings the highest 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

Stockholm, 9 April 2020

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Uppdaterad 2020-04-09