Business
Sveriges Riksbank: CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER
Bid procedure, 2021-11-03
Commercial paper issued in SEK by non-financial
companies with their registered office in Sweden
and with a remaining maturity of up to six months
on the Bid date. i.e. with the latest maturity
date as of
2022-05-03
Certificate
Delivery may not be made in commercial paper
purchased by the Counterparty from the issuer
less than one week prior to the date for
announcing the Special terms, i.e. the purchase
may not have been made after
2021-10-22
Counterparties may make one bid per Credit rating
class and maturity class.
Bids
Bids are made to tel 08-696 69 70 and confirmed
by e-mail to EOL@riksbank.se.
Bid date 2021-11-03
Bid times 09.00-09.30 (CET/CEST) on the Bid date
Requested volume
(corresponding nominal SEK 4 billion
amount)
The total bid volume from one Counterparty for
the two Credit rating classes may not exceed SEK
4 billion.
Highest permitted bid volume
(corresponding nominal
amount)
No bid may contain Commercial paper in excess of
SEK 250 million issued by the same issuer.
The total bid volume from one Counterparty should
Lowest permitted bid volume not be less than SEK 100 million and not be less
(corresponding nominal than SEK 20 million per Commercial paper (ISIN
amount) code).
The requested volume is divided into two credit
rating classes. Credit rating refers to the
issuer’s credit rating. Credit rating may also
refer to the issuer’s parent company in cases
where the issuer has no own credit rating and the
parent company guarantees the issuer’s
obligations. If there are credit ratings from
several credit rating agencies the highest of
these will be applied. If there are both a long
term and a short term credit rating the highest
of these will be applied.
Class 1: No less than a long-term credit rating
of A- with S&P, A3 with Moody’s, A- with Fitch,
A- with Nordic Credit Rating or A- with Scope, or
no less than a short-term credit rating of A-2
with S&P, P-2 with Moody’s, F2 with Fitch or N-1+
Credit rating classes with Nordic Credit Rating.
Class 2: No less than a long-term credit rating
of BBB- with S&P, Baa3 with Moody’s, BBB- with
Fitch, BBB- with Nordic Credit Rating or BBB-
with Scope or no less than a short-term credit
rating of A-3 with S&P, P-3 with Moody’s, F3 with
Fitch or N-1 with Nordic Credit Rating.
However, no credit rating may be lower than the
lowest accepted credit rating level. There must
also be no indication on the Bid Date that a
credit rating may fall below the lowest accepted
credit rating level.
Certificates with a remaining maturity of up to
three months on the Bid date. i.e. with the
latest maturity date as of
2022-02-03
Class 1: 0.30 per cent
Class 2: 0.60 per cent
Price (purchase rate)
Certificates with a remaining maturity of up to
six months on the Bid date, i.e. with the latest
maturity date as of
2022-05-03
Class 1: 0.40 per cent
Class 2: 0.70 per cent
Expected allocation time Not later than 10.00 (CET/CEST) on the Bid date
Delivery and payment date 2021-11-05
Delivery of Commercial paper To the Riksbank's account in Euroclear Sweden
AB's securities settlement system 1 4948 6383
General terms and conditions for the Riksbank´s
General terms and conditions purchases of commercial papers via bid procedures
2020:1. dated 30 March 2020 (see the Riksbank´s
web).
Stockholm, 2021-10-29
This is a translation of the special terms and conditions published on
www.riksbank.se. In the case of any inconsistency between the English
translation and the Swedish language version, the Swedish language version
shall prevail. Complete terms and conditions can be retrieved
at www.riksbank.se.
