Swedish National Debt Office appoints Nykredit Markets as Primary Dealer
The Swedish National Debt Office (Riksgälden) has appointed Nykredit Bank A/S (Nykredit Markets) as a new primary dealer in government bonds, inflation-linked bonds and treasury bills from 1 December 2011.
The appointment brings the number of primary dealers in government bonds to eight, and the number in inflation-linked bonds and treasury bills to seven.
The other primary dealers are Barclays Capital, Danske Markets, Handelsbanken Markets, Nordea, Royal Bank of Scotland, SEB and Swedbank.
The Debt Office said it believed Nykredit intended to become a long term market maker in Sweden. The Office prefers long term commitments because the primary dealers are its most important sales channel of government securities.
Formal requirements placed on primary dealers can be found in the primary dealer agreements on www.riksgalden.se.