Sweden plans to issue first ever 30-year bond
AFX/The Local · 19 Mar 2009, 17:39
Published: 19 Mar 2009 17:39 GMT+01:00
"The plan is for next week," said Thomas Olofsson, the head of debt management at the Swedish National Debt Office (Riksgälden).
In February, the Debt Office said it had asked its money market counterparties to sound out demand for a long-term bond.
Counterparties suggested issuing at least 20 billion kronor ($2.47 billion) of the new debt.
"We have approved this," Olofsson said.
The debt office's current longest-term nominal bond, loan 1047, matures in 12 years' time.