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After decision from the Riksbank: Swedish National Debt Office reduces foreign currency borrowing
News 6 March 2019
Due to today’s decision by the Riksbank to reduce the size of the foreign currency reserve, the Riksbank has requested that the outstanding foreign currency loans maturing in 2019 will not be refinanced. Consequently, The Debt Office will not raise further loans on behalf of the Riksbank in 2019.
Since 2009, the Debt Office has borrowed in foreign currency on behalf of the Riksbank in order to strengthen the foreign currency reserve. According to the central government borrowing report published on 20 February, the Debt Office plans to refinance loans on behalf of the Riksbank at an amount corresponding to SEK 90 billion in 2019. SEK 19 billion was already refinanced on 21 February 2019, after which just over SEK 70 billion remained to be refinanced. In conjunction with the decision issued by the Riksbank today, these loans will therefore not be refinanced.