Swedish central government debt continued to decrease in 2023

News 16 helmikuuta 2024 Central Government Borrowing, Government Debt

Sweden’s central government finances remained unexpectedly strong in 2023, and the debt at year-end appears to have been the lowest since the mid-1960s. With a third consecutive budget surplus, the Debt Office’s borrowing for the year was solely for replacing maturing loans.

Green credit guarantee for a loan to H2 Green Steel

News 22 joulukuuta 2023 Guarantees and Lending

The Swedish National Debt Office has decided to issue a credit guarantee for a loan to H2 Green Steel for financing a new green steel production plant in Boden, Sweden. The guarantee is provided within the framework of the guarantee scheme for large green industrial investments.

Green credit guarantees for loans to Northvolt

News 22 joulukuuta 2023 Guarantees and Lending

The Swedish National Debt Office has decided to issue credit guarantees for loans for the development of Northvolt’s factory for battery production in Skellefteå, Sweden. The guarantees are provided within the framework of the guarantee scheme for large green industrial investments.

Clarification on inflation-linked bonds

News 24 marraskuuta 2023 Central Government Borrowing

The role that inflation-linked bonds have in central government borrowing is a current issue in several countries, most recently Germany. Therefore, the Swedish National Debt Office would like to clarify our present position regarding the share of inflation-linked bonds in Sweden’s central...

Adopted guidelines for government debt management

News 9 marraskuuta 2023 About the Debt Office, Central Government Borrowing, Government Debt

Today, the Government decided on guidelines for managing Sweden’s central government debt. The decision for 2024 is consistent with the Swedish National Debt Office’s proposal. This means that we will continue to phase out the foreign currency exposure and steer the inflation-linked share and the...

Debt Office provides supplementary analysis on foreign currency exposure

News 13 lokakuuta 2023 Central Government Borrowing, Government Debt

The Swedish National Debt Office submitted a report today supplementing this year’s proposed guidelines for central government debt management. The Government requested supplementary analysis after the Riksbank presented its response to the proposed guidelines.

Permission to reduce eligible liabilities instruments

News 6 heinäkuuta 2023 Financial stability

On 19 April 2023, the European Commission adopted new provisions on, among other things, the process for applications for prior permission for reducing eligible liabilities instruments. The Debt Office will therefore apply the application process set forth in the delegated regulation.

IMF completes assessment of financial sector in Sweden

News 16 maaliskuuta 2023 Financial stability, About the Debt Office

In 2022, the International Monetary Fund (IMF) conducted a special assessment of the financial sector in Sweden called a FSAP (Financial Sector Assessment Program). FSAPs are performed regularly for member countries that have systemically important financial markets. The IMF’s most recent FSAP for...

How do market participants view the market for Swedish inflation-linked bonds?

News 23 helmikuuta 2023 Central Government Borrowing, Government Debt

Today, the Swedish National Debt Office is launching a survey to learn more about market views on inflation-linked bonds. The survey questions are intended to help us gain a better understanding of how market participants view the recent developments and long-term demand.

Lower government debt but higher cost in 2022

News 21 helmikuuta 2023 Central Government Borrowing, Government Debt

The highest inflation in three decades and rising market interest rates affected Sweden’s central government debt management in several ways during 2022. On one hand, the new situation contributed to higher tax income and a historically low debt. On the other hand, the cost of the debt increased.

Updated guidance on EBA’s guidelines for resolvability, and application report on bail-in tool

News 16 joulukuuta 2022 Financial stability

The Swedish National Debt Office is today publishing an updated guidance document on the European Banking Authority’s (EBA) guidelines on improving resolvability for institutions and resolution authorities (EBA/GL/2022/01). The Debt Office’s guidance serves as a form of support for Swedish banks in...

Debt Office to phase out foreign currency exposure of government debt

News 11 marraskuuta 2022 About the Debt Office, Central Government Borrowing, Government Debt

The Swedish Government has adopted guidelines for the management of the central government debt. The decision for 2023 is in accordance with the Debt Office’s proposal and means that the foreign currency exposure of the debt will be phased out gradually over four years.

Swedish National Debt Office works with H2 Green Steel regarding a green credit guarantee

News 24 lokakuuta 2022 About the Debt Office, Guarantees and Lending

In response to H2 Green Steel’s press information released today, the Swedish National Debt Office confirms that the agency is working with an application from the company. The application concerns a state guarantee covering up to 80 percent of a EUR 1 billion credit facility for a plant to...

The Swedish Financial Stability Council agrees on measures to safeguard financial stability

News 4 syyskuuta 2022 Financial stability

The Financial Stability Council has had an extraordinary meeting due to the liquidity problems in the market for electricity derivatives. These problems have prompted the government to propose state credit guarantees to mainly electricity producers trading in this market.

Debt Office becomes resolution authority for central counterparties

News 1 kesäkuuta 2022 Financial stability

Yesterday, the Riksdag appointed the Swedish National Debt Office as the resolution authority for central counterparties – a role that the agency already has for banks and other financial institutions. Resolution is a specific procedure for the orderly crisis management of a bank or central...

Debt Office plans to comply with guidelines on improving resolvability

News 21 huhtikuuta 2022 Financial stability

The Swedish National Debt Office – Sweden’s resolution authority – has informed the European Banking Authority (EBA) that it intends to comply with the EBA’s guidelines for institutions and resolution authorities on improving banks’ resolvability.

Debt Office clarifies how EBA resolvability guidelines will be applied in resolution planning process

News 29 maaliskuuta 2022 Financial stability

On 13 January, the European Banking Authority (EBA) published guidelines on improving resolvability for institutions and resolution authorities. These guidelines take effect on 1 January 2024. The Swedish National Debt Office – which is Sweden’s resolution authority – has previously communicated...

Debt Office’s role within resolution grows

News 22 helmikuuta 2022 Financial stability, About the Debt Office

The Government has decided on a referral to the Council on Legislation proposing that the Swedish National Debt Office be made the resolution authority for central counterparties as well. Central counterparties have become increasingly important actors in the financial system with greater...

Stronger central government finances and lower government debt in 2021

News 18 helmikuuta 2022 Central Government Borrowing, Government Debt

The Swedish National Debt Office today submitted its basis for evaluation of debt management in 2021 to the Government. The year was dominated by an unexpectedly quick economic recovery, which contributed to a surplus in central government finances, lower borrowing requirement and a lower...

The EBA publishes resolvability guidelines

News 14 tammikuuta 2022 Financial stability

The European Banking Authority (EBA) has, on 13 January, published guidelines on resolvability. The guidelines introduce an EU-wide minimum standard for resolvability within a number of areas, and are chiefly addressed to systemically important banks. The guidelines aim to improve the resolvability...

IMF to assess financial stability in Sweden

News 19 marraskuuta 2021 Financial stability

The International Monetary Fund (IMF) will conduct a review of the financial sector and the work of the authorities on financial stability, a so-called FSAP (Financial Sector Assessment Program) in 2022.

NatWest Markets terminates primary dealer agreement for Swedish government bonds

News 8 marraskuuta 2021 Central Government Borrowing

NatWest Markets N.V. has informed the Swedish National Debt Office that its primary dealer agreement in Swedish Government Bonds will be terminated as of from 8 November 2021.

Debt management guidelines are unchanged – the Debt Office is given preconditions for additional green bond issuance

News 4 marraskuuta 2021 Central Government Borrowing, Government Debt

The Swedish Government has decided on guidelines for managing the central government debt. The Government intends to make a decision in the beginning of 2022 that will give the Swedish National Debt Office the possibility of issuing additional government green bonds.

Information about permission to repurchase eligible liabilities

News 6 heinäkuuta 2021 Financial stability

In accordance with the Capital Requirements Regulation, a bank or institution must apply for permission from the Swedish National Debt Office in order to call, redeem, repay, or repurchase eligible liabilities.

Swedish insolvency ranking

News 29 kesäkuuta 2021 Financial stability

The Debt office has compiled information on the ranking of items in Swedish insolvency proceedings.

Debt Office Commentary: More efficient management of Swedish government agencies’ international payments

News 28 kesäkuuta 2021 About the Debt Office, Guarantees and Lending

Swedish government agencies’ liquidity management in foreign currency is continually improving. Since 2017, the Swedish National Debt Office has offered a multi-currency cash pool (MCCP) solution. This, in combination with better pricing under the central government framework agreements for...

The compliance of banks with MREL requirements – Q4 2020

News 2 maaliskuuta 2021 Financial stability

At the end of the fourth quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.

Increased government debt in 2020 amid pandemic

News 19 helmikuuta 2021 Central Government Borrowing, Government Debt

The Swedish National Debt Office today submitted its basis for evaluation of debt management in 2020 to the Government. The year was dominated by the pandemic, which led to a large budget deficit and a rapid increase in central government borrowing. The Debt Office also issued a green bond for the...

Clarification regarding referral to Council on Legislation about changes to regulations for managing financial firms in crisis

News 18 helmikuuta 2021 Financial stability

On 11 February 2021, the Swedish Government decided on a proposal referred to the Council on Legislation for consideration, concerning revisions to the regulations for managing financial firms in crisis. The Swedish National Debt Office is hereby making some clarifications in regard to what the...

The compliance of banks with MREL requirements – Q3 2020

News 30 marraskuuta 2020 Financial stability

At the end of the third quarter, all banks complied with the minimum requirements for own funds and eligible liabilities (MREL requirements) set by the Swedish National Debt Office. This is presented in the Debt Office’s latest quarterly report published today.