GlobeNewswire

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK MUNICIPAL BONDS

Share

Sveriges Riksbank

CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK MUNICIPAL BONDS

Bid procedure on 22 September 2020, Municipalities and Regions

Bonds:

Floating-Rate Notes (FRN) issued in SEK by Municipalities or Regions with maturity in 2025.

The following issuers are accepted for delivery:

Göteborgs Kommun
Jönköpings Kommun
Malmö Kommun
Norrköpings Kommun

Skåne Läns Landsting
Stockholms Kommun
Sundsvalls Kommun
Täby Kommun
Uppsala Kommun
Västerås Kommun
Örebro Kommun
Östersunds Kommun

Delivery may not be made in Bonds purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Specific terms, i.e. the purchase may not have been made after 11 September 2020.
Bids:

Bids are made to tel 08-696 69 70 and confirmed in writing by a filled-in Bid form by e-mail to EOL@riksbank.se.
Bid date:

Tuesday 22 September 2020

Bid time:

1000-1100 hours (CEST) on the Bid date

Requested volume: (corresponding nominal amount)

SEK 750 +/- 750 million
Highest permitted bid volume:

(corresponding nominal amount)

The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 1 000 million.

No bid may contain Bonds exceeding SEK 750 million issued by the Stockholms Kommun or Göteborgs Kommun.

For other issuers, bids may not contain Bonds exceeding SEK 100 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 50 million and not be less than SEK 5 million per Bond (ISIN code).

Credit rating classes:

The requested volume is divided into two credit rating classes. Credit rating refers to the issuer’s credit rating. If there are credit ratings from several credit rating agencies the highest of these will be applied.

Class 1: A long-term credit rating of AAA with S&P, Aaa with Moody’s or AAA with Fitch.

Class 2: A long-term credit rating of AA+ with S&P, Aa1 with Moody’s or AA+ with Fitch.

Maturity:

Bonds maturing between January 1, 2025 and December 31, 2025. The year is divided into four quarters and bids are placed for each quarter and Credit Class.

Example: For Credit Class 1 with maturity quarter 2, a bid of SEK 90 million is placed at interest x %.
Expected allocation time:

1130 (CEST) on the Bid date

Delivery and payment date:

Thursday, 24 September 2020

Delivery of Bonds:

Bonds issued in the PM section:
To the Riksbank's account in Euroclear Sweden AB's securities settlement system: 1 4948 6383.

Bonds issued in the AM section:
To the Riksbank's account at the Global Custodian State Street:

Global Custodian BIC Code: SBOSUS3CXXX
Local Settlement Agent: SKANDINAVISKA ENSKILDA BANKEN AB (SEB)
Local Settlement Agent BIC Code: ESSESESSXXX
Global Custodian's Account Name at SEB: STATE STREET BANK & TRUST
Global Custodian's Account Number at SEB: 01-100 386 491
Riksbank's Account Name at the Global Custodian: SVERIGES RIKSBANK Riksbank's Account Number at the Global Custodian: 0145
PSET BIC: VPCSSESSXXX

Counterparties must use BIC: ESSESESSXXX in field 95P::DEAG/REAG and State Street BIC: SBOSUS3CXXX in field 95P::SELL/BUYR in the settlement instruction.

Bonds issued for the euro market (ISIN code with XS):
To the Riksbank's account at Euroclear Bank: 91181.

General terms and conditions

General terms and conditions for the Riksbank´s purchases of bonds via bid procedures 2020:2, dated 24 April 2020 (see the Riksbank´s web).

Stockholm, 18 September 2020


About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

ProMIS Neurosciences Offers its Perspective on the Likelihood of Regulatory Approval of Aducanumab21.10.2020 12:30:10 CESTPress release

Regulatory progress is spurring the development of safe and effective therapies for Alzheimer’s disease TORONTO and CAMBRIDGE, Mass., Oct. 21, 2020 (GLOBE NEWSWIRE) -- ProMIS Neurosciences, Inc. (TSX: PMN) (OTCQB: ARFXF), a biotechnology company focused on the discovery and development of antibody therapeutics targeting toxic oligomers implicated in the development of neurodegenerative diseases, released a white paper today that offers its perspective on aducanumab’s likelihood of regulatory approval in advance of its U.S. Food and Drug Administration Advisory Committee (AC) review on November 6. The white paper, available at www.promisneurosciences.com, chronicles aducanumab’s history, regulatory support, positive data outcomes and potential impetus for development of improved second-generation therapies. If approved, aducanumab would be the first disease-modifying treatment for Alzheimer’s disease, offering a therapeutic option for the millions of Americans living with the disease. A

Orion Group Interim Report 1-9/202021.10.2020 11:00:00 CESTPress release

ORION CORPORATION INTERIM REPORT 1-9/2020 21 OCTOBER 2020 at 12:00 noon EEST Orion Group Interim Report 1-9/2020 This is a summary of Orion’s Interim Report 1-9/2020. The complete report is attached to this stock exchange release and is available at https://www.orion.fi/en/Orion-group/investors/financial-reviews-and-presentations/ Net sales were EUR 823 million (EUR 776 million in January–September 2019).Operating profit was EUR 246 (198) million.Both net sales and operating profit include a total of EUR 37 (47) million milestone payments.Profit before taxes was EUR 245 (196) million.Equity ratio was 70% (78%).ROCE before taxes was 40% (32%).ROE after taxes was 34% (28%).Basic earnings per share were EUR 1.38 (1.10).Cash flow per share before financial items was EUR 1.52 (1.28).Outlook for 2020 was updated after the review period on 19 October 2020. Orion estimates that in 2020 net sales will be at a similar level as in 2019 or slightly higher than in 2019 (net sales in 2019 were EUR 1

Prosafe SE: Q3 2020 results and audio webcast on 5 November 202021.10.2020 10:34:42 CESTPress release

Prosafe SE will release its third quarter 2020 results on 5 November 2020 at approx. 07:00 a.m. CET. The Q3 2020 report and the Q3 2020 presentation will be published on www.newsweb.no and on Prosafe’s website www.prosafe.com Jesper Kragh Andresen, CEO and Stig H. Christiansen, Deputy CEO & CFO will the same day at 10:00 a.m. CET host an audio webcast. The audio webcast can be followed at www.prosafe.com It will be possible to submit questions during the presentation by using the Q&A tool embedded in the audio webcast. These questions will be answered after the presentation. A replay of the audio webcast will be made available at www.prosafe.com shortly after. Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com Stavanger, 21 October 2020 Prosafe SE For further information, please contact: Jesper K. Andresen, CEO Phone: +47 51 65 24

Result of Riksbank´s purchases of Commercial Paper21.10.2020 10:00:00 CESTPress release

Auction date201021 Requested volume, SEK mln4,000 Credit rating class1Term3MFixed purchase rate0.45 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class1Term6MFixed purchase rate0.55 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term3MFixed purchase rate0.75 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0 Credit rating class2Term6MFixed purchase rate0.85 %Total bid amount, SEK mln0,000Prel. accepted volume, SEK mln0,000Percentage alloted0.00 %Number of bids0

Recovery mitigates pandemic’s impact on central government finances21.10.2020 09:30:00 CESTPress release

Recovery mitigates pandemic’s impact on central government finances The Swedish economy is recovering after the historically large fall in GDP in the second quarter of 2020. This helps to support central government finances, reduce the borrowing requirement compared with the previous forecast and dampen the debt increase resulting from the pandemic. The Swedish National Debt Office’s new forecast shows a central government budget deficit of SEK 256 billion this year, an improvement in the budget balance by SEK 146 billion over the previous forecast from May. The reduced deficit means the Debt Office is lowering borrowing and that central government debt is not expected to increase as much as previously forecast. “The virus outbreak has had a major impact on the Swedish economy and state finances, but the development in recent months indicates it is less than we forecast in May. Not least the trend in tax income points to the start of an increasingly more apparent economic recovery, alt

Återhämtning mildrar pandemins effekter på statsfinanserna21.10.2020 09:30:00 CESTPressemelding

Återhämtning mildrar pandemins effekter på statsfinanserna Svensk ekonomi återhämtar sig efter det historiskt stora BNP-tappet under det andra kvartalet 2020. Det bidrar till att understödja statsfinanserna, minska statens lånebehov jämfört med tidigare prognos och dämpa ökningen av statsskulden till följd av pandemin. Riksgäldens nya prognos visar ett underskott i statsbudgeten på 256 miljarder kronor i år, en förbättring av budgetsaldot med 146 miljarder kronor jämfört med föregående prognos från maj. Det minskade underskottet innebär att Riksgälden drar ned statens upplåning och att statsskulden inte väntas öka lika mycket som tidigare förutspåtts. – Virusutbrottet har haft stora effekter på svensk ekonomi och statens finanser, men de senaste månadernas utveckling indikerar att de blir mindre än vi bedömde i maj. Inte minst utvecklingen av skatteinkomsterna pekar på att ekonomin har börjat återhämta sig allt tydligare, men osäkerheten är fortfarande stor, säger riksgäldsdirektör Han