Securities are issued in several tranches with maturities ranging from 3 to 13 years. There are also four index-linked bonds. Transactions up to SKr500 million are common. For benchmarks, the spread is 3 bps. There is no withholding tax and foreign investors are not subject to Swedish taxation.
Value date is the settlement date.
Swedish government bonds can also be cleared through Euroclear and Cedel. There are presently seven benchmark issues which are highly liquid. Issues which at one time may become eligible for delivery in the futures contract also display sufficient liquidity. Liquidity is maintained by 12 primary dealers appointed by the Swedish National Debt Office as market makers. There are presently seven benchmark Treasury bonds.