Riksbank unveils details of local bond purchases

Photo: Sveriges Riksbank

Sveriges Riksbank will launch its local bond purchases on April 28, the central bank has confirmed.

Last week, the institution announced that as part of its 2020 asset purchase programme it will buy bonds issued by municipalities, regions, and Kommuninvest i Sverige, an organisation that specialises in raising funds for local administrations in the Scandinavian country. These operations will amount to Skr15 billion ($1.5 billion).

“The Riksbank has now decided that the first bid procedure will

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