Terms for exchanges to a new inflation-linked bond

2 september 2010 The Swedish National Debt Office is introducing a new inflation-linked bond (loan 3107) maturing on 1 June, 2017. The loan will have deflation protection. The base index for calculation of the inflation compensation is CPI for June 2010: 302.97. See terms of sale on www.riksgalden.se. The auction terms will be published on Thursday, 16 September at 4.20 pm. The coupon will also be published then. The loan was announced in the publication Central Government Borrowing - Forecast and Analysis 2010:2 in June. On Thursday, 23 September SEK 750 million of loan 3107 will be issued in a first auction. To quickly build up volume in the new loan, the Debt Office is offering exchanges for loan 3105 (3.5 %, 1 December, 2015) and 3102 (4 %, 1 December, 2020). The exchanges in loans 3105 and 3102 will be made in nominal amounts, i.e. we buy the same nominal amount as we issue in 3107. The exchanges will take place during the period 24-28 September (three days after the first auction) according to the following timetable: Exchanges of Yield on buy Auction Auction SNDO buys SNDO sells loan 3107 back bond cut off result -----------------------------------------------------------------------   Time Time Time Amount Loan Amount Loan (SEK mn) (SEK mn) ----------------------------------------------------------------------- Fri 24 Sep 10.45 am 11.00 am 11.10 am 6 000 3105 6 000 3107 Mon 27 Sep 10.45 am 11.00 am 11.10 am 6 000 3102 6 000 3107 Tue 28 Sep 10.45 am 11.00 am 11.10 am 3 000 3105 3 000   3107 ----------------------------------------------------------------------- The exchanges will be carried out in the form of auctions. The Debt Office will notify the bid yield on the buy back loan on the PMI page for auction details 15 minutes before the cut off of the auction. The result will be notified on the PMI page for auction results 10 minutes after the closing of the auction. Further details about the result will be available on the PMI page for exchange offers. The information will also be available on www.riksgalden.se. The Debt Office is providing market support repos (T/N) in 3107, as well as in the other government securities, at 40 basis points under the Riksbank's repo rate. For more information, please contact: Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28 Maria Norström, Head of Funding, +46 (0)8 613 46 35 [HUG#1442232] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Riksgälden via Thomson Reuters ONE