Small changes in the proposed guidelines

29 September 2010 - Press release

This year's proposed guidelines for central government debt management entail small changes compared with last year. The Debt Office proposes that control of the maturity of the inflation-linked debt be made more flexible by stating the maturity benchmark as an interval instead of a fixed point. We propose that the benchmark for the maturity of the nominal krona debt be marginally shortened for operational reasons.

 

The Debt Office proposes the following guidelines for the maturity of the central government debt:

  • Nominal krona debt:  

  • Instruments with a maturity of up to twelve years will have an interest rate refixing period of 3.1 years  

  • The outstanding volume of instruments with maturities of more than twelve years shall amount to at most SEK 65 billion  

  • Foreign currency debt: interest rate refixing period of 0.125 years  

  • Inflation-linked debt: interest rate refixing period of between 8 and 10 years at the end of 2011 

 

The Debt Office proposes unchanged guidelines for the composition of the central government debt:

  • Nominal krona debt: 60 per cent  

  • Foreign currency debt: 15 per cent  

  • Inflation-linked debt: 25 per cent  

 

The Debt Office submits an annual proposal of guidelines for central government debt management. The proposal forms the basis for the Government's decision on guidelines, which will be made by 15 November.

 

For further information, please contact:

 

Magdalena Belin, Head of Analysis, +46 8 613 52 28  
Thomas Olofsson, Head of Debt Management, +46 8 613 47 82