Sveriges Riksbank has scheduled a Nov. 20 auction of two Swedish government bonds, setting offer sizes, bid limits and a settlement date for investors participating in the sale.
The instruments are SWEDEN I/L BOND: 3104, which matures Dec. 1, 2028, and SWEDEN I/L BOND: 3114, due June 1, 2030. The auction terms list a nominal offer of SEK 200 million for each bond, with a stated adjustment of plus or minus SEK 200 million.
Bids will be accepted from 3 to 4 a.m. ET (08:00-09:00 UTC) on Nov. 20. Each bid must be at least SEK 10 million and cannot exceed SEK 200 million for either bond. The Riksbank expects to complete allocations by 4:15 a.m. ET (09:15 UTC).
Delivery and payment are scheduled for Nov. 24. Settlement will take place through Euroclear Sweden AB’s securities settlement system, with payment directed to the Riksbank’s account, according to the auction terms.
