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Sweden to buy back 2020 linker at 0.285pc yield
STOCKHOLM : Sweden 's Debt Office said on Friday it would buy back 2020 index-linked bonds at a yield of 0.285 percent
STOCKHOLM: Sweden's Debt Office said on Friday it would buy back 2020 index-linked bonds at a yield of 0.285 percent in an exchange auction for new 2022 linkers.
The Debt Office plans to buy back up to 5 billion crowns ($755.7 million) in the 2020 linker, which has a coupon of 4 percent, in exchange for the new 0.25 percent, 2022 debt.
The purpose is to build up volume in the 2022 issue.
Results of the auction will be published at 0910 GMT.
Copyright Reuters, 2011
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