Terms for switch to government bond SGB 1065

Press release 5 May 2022

The Swedish National Debt Office will offer a switch to government bond SGB 1065 2nd of June.

The switch is offered to build up the outstanding volume of SGB 1065. The switch will be made price risk neutral.1

Switch auction
 2 June Risk neutral

SNDO sells bond


SNDO sells amount (SEK mn)


SNDO buys bond


SNDO buys amount (SEK mn)2


Time for yield on buy back bond


Time for auction cut-off


Time for auction result


The bid yield on the buy-back bond will be published at 10.45 a.m. on the day of the auction on https://www.riksgalden.se/en/our-operations/central-government-borrowing/.

Bids must be placed before 11.00 a.m. by the Debt Office’s primary dealers. The results will be published at 11:03 a.m. or somewhat later.

The dates for the switches were announced in the publication Central Government Borrowing – Forecast and Analysis 2022:1 in February.


Johan Bergström, Head of funding, +46 8 613 45 68
Anna Olofsson, Head of analysis, +46 8 613 45 98

[1]The market value of the purchase and sales volume multiplied by the modified duration of each bond shall be equal.

[2] The stated nominal volume of the buy-back bond is an approximation based on today's yields.