Riksbank to lend to corporates

The Riksbank on Wednesday agreed to extend access to its funds beyond the banking sector to large corporates struggling to borrow in the wake of the global market turmoil.

The central bank will set up a new credit facility through which it will accept non-financial companies' commercial paper with a relatively high credit rating as collateral.

"The accentuation of problems in financial markets has been accompanied by difficulties in the supply of credit to companies outside the financial sect