enhttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/newslists/newslist-guarante-and-loan/60Optimizely 12 CMS - LFPChttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2025/green-credit-guarantee-for-loan-to-ssab/SSAB will be converting its steel production facility in Luleå. The approximately SEK 50 billion investment is partly financed through a SEK 15 billion loan facility. The Debt Office’s guarantee covers 80 per cent of this amount. The investment will enable the decommissioning of the existing blast furnace, which is expected to reduce greenhouse gas emissions by approximately 2.8 million tonnes of carbon-dioxide equivalents per year. This can be compared with Sweden’s total industrial emissions that in 2023 amounted to 14.8 million tonnes of carbon dioxide equivalents, 5.5 million tonnes of which were from the iron and steel industry. About green credit guarantees In order to be eligible for a green credit guarantee from the central government, among other things the investment in question must contribute to Sweden’s environmental and climate policy goals. The Debt Office conducts its assessment on the basis of the criteria set forth in Ordinance (2021:524) on state credit guarantees for green investments. Read more about the Debt Office’s mandate to provide green state credit guaranteeshttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2025/green-credit-guarantee-for-loan-to-ssab/Tue, 29 Apr 2025 07:20:00 GMTPress releaseGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2024/green-credit-guarantee-for-loan-to-preem/The loan constitutes partial financing of the conversion and expansion of the refinery in Lysekil. The conversion is in regard to a so-called Isocracker unit, which after the conversion will be able to produce renewable aviation fuel (bio-jet/SAF) and renewable diesel (HVO100). The expansion concerns a facility for the pre-treatment of renewable raw materials. The loan amounts to approximately EUR 240 million and is being issued by the Swedish Export Credit Corporation and Crédit Agricole Corporate & Investment Bank. The Debt Office’s guarantee covers 80 per cent of the loan amount. A fee is taken out in line with market terms. After the conversion and expansion in Lysekil, Preem will be able to increase its production of renewable fuel by approximately 1.2 million cubic metres per year, while the fossil-fuel production capacity will decrease by the corresponding amount. The Debt Office assesses that Preem’s investment meets the criteria for a green credit guarantee. The Debt Office has previously issued a green credit guarantee for Preem’s investment in regard to the conversion of the Synsat plant in Lysekil. Read the previous press release here:  Debt Office decides on first green credit guarantee About green credit guarantees In order to be eligible for a green credit guarantee from the central government, the investment in question must contribute to Sweden’s environmental and climate policy goals. The Debt Office conducts its assessment on the basis of the criteria set forth in Ordinance (2021:524) on state credit guarantees for green investments. Read more about the Debt Office’s mandate to provide green state credit guarantees, and which criteria form the basis of the environmental evaluation, on the Debt Office’s website:  Credit guarantees for green investmentshttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2024/green-credit-guarantee-for-loan-to-preem/Mon, 20 May 2024 08:00:00 GMTNewsGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2024/new-department-head-for-guarantee-and-financing/Jens Granlund was most recently Secretary General for the Secretariat for EU meetings in Sweden, where he served since March 2021. During 2011–2021, he was Director General and Head of the International Department at the Ministry of Finance. Jens has extensive experience within international economics and international collaborations, public administration, and the government sector. " I am very pleased to be able to welcome Jens Granlund as the new Head of Guarantee and Financing. Jens joins us from the Government Offices, where he has a substantial managerial background. As a department head at the Ministry of Finance, his responsibilities included issues regarding Sweden’s bilateral loans and commitments with international investment banks, as well as contributing to financial crisis management. This experience is a valuable addition to our guarantee and financing operations," says Debt Office Director General Karolina Ekholm. "I am pleased to be starting at the Debt Office and in the Guarantee and Financing Department, which is responsible for several important assignments. I look forward to getting to know the organisation and working with exciting issues together with my colleagues," says Jens Granlund. Read more about Guarantee and Financing’s operations herehttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2024/new-department-head-for-guarantee-and-financing/Mon, 15 Jan 2024 15:00:00 GMTPress releaseGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2023/green-credit-guarantee-for-a-loan-to-h2-green-steel/The loan constitutes partial financing for H2 Green Steel’s new plant in Boden. The loan being guaranteed amounts to a total of EUR 1.2 billion and will be issued by a consortium of banks and credit institutions. The Debt Office’s guarantee covers 80 per cent of the loan amount and is provided in accordance with market pricing. The plant will produce green steel, contributing to a reduction in CO2 emissions of up to 95 per cent compared with traditional steelmaking. Green steel production is an important component of the work to achieve climate objectives. The Debt Office assesses that H2 Green Steel’s investment in the production of green steel meets the criteria for a green credit guarantee.  About green credit guarantees In order to be eligible for a green credit guarantee from the central government, the investment in question must contribute to Sweden’s environmental and climate policy goals. The Debt Office conducts its assessment on the basis of the criteria set forth in Ordinance (2021:524) on state credit guarantees for green investments. Read more about the Debt Office’s mandate to provide green state credit guarantees:  Credit guarantees for green investmentshttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2023/green-credit-guarantee-for-a-loan-to-h2-green-steel/Fri, 22 Dec 2023 14:55:00 GMTNewsGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2023/green-credit-guarantees-for-loans-to-northvolt/The loans constitute partial financing for increasing the production capacity for batteries at Northvolt’s factory in Skellefteå. The loans being guaranteed amount to a total of USD 1.5 billion and will be issued by a consortium of banks and credit institutions. The Debt Office’s guarantees cover 80 per cent of the loan amount and are provided in accordance with market pricing. The loans are part of a larger financing round that the company will close in 2024. The batteries enable the phase-out of fossil fuels primarily in the transport sector and increase flexibility in the electricity system through energy storage. They are therefore an important component of the work to achieve climate objectives. The Debt Office assesses that Northvolt’s factory in Skellefteå meets the criteria for green credit guarantees.  About green credit guarantees  In order to be eligible for a green credit guarantee from the central government, the investment in question must contribute to Sweden’s environmental and climate policy goals. The Debt Office conducts its assessment on the basis of the criteria set forth in Ordinance (2021:524) on state credit guarantees for green investments. Read more about the Debt Office’s mandate to provide green state credit guarantees:  Credit guarantees for green investmentshttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2023/green-credit-guarantees-for-loans-to-northvolt/Fri, 22 Dec 2023 14:55:00 GMTNewsGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2022/riksgalden-arbetar-med-en-gron-kreditgaranti-till-h2-green-steel/The Debt Office is currently conducting an analysis of the project under the framework of the green state credit guarantee scheme. A decision to grant a green guarantee for the project is conditional on the completion of financial and legal due diligence, as well as of an environmental assessment determining that the project fulfils the requirements set forth in the ordinance on state credit guarantees for green investments. A decision is expected to be made next year.    H2 Green Steel’s ambition is to reduce carbon-dioxide emissions in all phases of steel production. The production will occur in a facility planned for Boden. “H2 Green Steel’s investment in a green-steel plant in northern Sweden aims to drastically reduce emissions of carbon dioxide and other greenhouse gases in the manufacturing of steel, which has the potential to generate significant environmental and climate benefits,” says Magnus Rystedt, head of the Guarantee & Financing department at the Debt Office. Read more about the Debt Office’s mandate to issue green state credit guarantees and what criteria form the basis of the environmental evaluation See also H2 Green Steel’s press release: https://news.cision.com/se/h2-green-steel Read more about H2 Green Steel at https://www.h2greensteel.com/https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2022/riksgalden-arbetar-med-en-gron-kreditgaranti-till-h2-green-steel/Mon, 24 Oct 2022 14:00:00 GMTNewsAbout the Debt OfficeGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2022/state-credit-guarantees-for-electricity-producers/The assignment comes in response to the exceptional price trend and price volatility in the electricity market, which has led to electricity producers trading in electricity derivatives having to be able to pledge increasingly higher collateral with Nasdaq Clearing. This could lead to liquidity problems for companies that are ultimately solvent. To ensure that the electricity producers can receive credits needed to meet Nasdaq Clearing’s requirements, the Debt Office has been assigned to issue credit guarantees. The credit guarantees are to prevent an acute liquidity shortage among the electricity producers, says Karolina Ekholm, Director General of the Debt Office. The programme is designed so that the electricity producers can, if necessary, apply for a loan through their bank, which in turn applies for a credit guarantee from the Debt Office. The guarantee covers 80 per cent of the loan, while the bank accounts for 20 per cent. It is good if the electricity producers contact their banks at this point, so that together they will be prepared if the need to utilise a state guarantee arises, says Magnus Rystedt, head of the Guarantee and Financing department at the Debt Office.   Brief facts about the state credit guarantees for electricity producers The guarantee framework amounts to SEK 250 billion. Guarantees can be granted up to and including 31 March 2023, and the total maturity may not exceed three years. The guarantee holder shall pay a market-based fee for the credit guarantee, which is determined by the Debt Office. Electricity producers that are not domiciled in Sweden, but that are clearing members of Nasdaq Clearing AB, may be granted guarantees until an equivalent form of liquidity support is established in the countries where the electricity producer has its main operations or registered office, although only until 20 September 2022 at the latest. Electricity producers may not pay out bonuses or other forms of variable remuneration during the life of the loan. For more information see the Debt Office’s website, which is continually updated:  https://www.riksgalden.se/electricity-producers Press contact +46 8-613 47 01, press@riksgalden.sehttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2022/state-credit-guarantees-for-electricity-producers/Tue, 06 Sep 2022 11:30:00 GMTPress releaseGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2022/debt-office-decides-on-first-green-credit-guarantee/In the revamped Synsat plant, 40 per cent of the raw material will be renewable instead of fossil-based. This means that the carbon dioxide emissions at the user level can be reduced by around 1.7 million tonnes per year, according to Preem’s calculations. That can be compared with Sweden’s total emissions, which in 2020 amounted to approximately 46.3 million tonnes of carbon dioxide equivalents, with domestic transport accounting for around one-third of those emissions. The project is part of Preem’s planned shift to a climate-neutral operation with net-zero emissions across the entire value chain by 2035 at the latest. “This is the first guarantee that the Debt Office has decided to provide under the state green guarantee scheme. The conversion to fossil-free industry is important for Sweden to be able to achieve its climate and environmental goals, and it is good that we can contribute to more sustainable fuel production and reduced import of oil,” says Karolina Ekholm, Debt Office Director General. To be eligible for a green credit guarantee from the central government, an investment must contribute to the objectives of Sweden’s environmental and climate policy. The Debt Office conducts its environmental evaluation based on the criteria set out in the regulation. The Debt Office’s assessment is that Preem’s investment in the Synsat plant in Lysekil fulfils the environmental criteria for a green credit guarantee, provided that the requisite environmental permits are obtained. Decisions on environmental licencing for the project in question are made by the Land and Environment Court. The Debt Office’s decision is therefore conditional on such necessary environmental permits being obtained. The loan runs for 7 years as does the guarantee, which covers 80 per cent of the loan amount. Read more about the Debt Office’s mandate to provide green state credit guarantees, and which criteria form the basis of the environmental evaluation, on the Debt Office’s website.https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2022/debt-office-decides-on-first-green-credit-guarantee/Mon, 25 Apr 2022 07:00:00 GMTPress releaseGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/The-National-Debt-Office-is-issuing-a-term-loan-facility-to-SAS/As a consequence of the corona virus pandemic, the demand for air travel continues to be at very low levels. At the same time, SAS is important because its network of air travel within the Nordic countries fulfils a basic need of those societies. The Swedish government, which together with the Danish government, are the largest owners of SAS, sees this measure as a way of supporting the airline during the ongoing crisis.https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/The-National-Debt-Office-is-issuing-a-term-loan-facility-to-SAS/Fri, 16 Jul 2021 14:20:00 GMTPress releaseGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2021/debt-office-commentary-more-efficient-management-of-swedish-government-agencies-international-payments/The Swedish Pensions Agency and the Swedish International Development Cooperation Agency (Sida) are two of 15 agencies participating in the Debt Office’s MCCP, and the process of agencies joining the MCCP continues. The way in which liquidity management is conducted and the benefits it provides are presented in Debt Office Commentary 1 – 2021. The Debt Office Commentaries are a series of short essays in which Debt Office employees contribute to furthering awareness and knowledge of a relevant topic. In this Commentary, Saša Pantic, Cash Management Specialist, and Tord Arvidsson, senior economist at the Debt Office’s Economic Analysis department, present how the MCCP functions within the framework of the Swedish state’s payment model. They describe how the agencies can make payments in foreign currency, how the costs of currency exchanges have been able to be reduced, and the steps that the Debt Office takes in managing the currency risk involved in the agencies’ international payments. Centralising currency payments for the central government at the Debt Office enables the savings potential made possible by the MCCP to be realised. The central government’s costs for currency exchanges are reduced as currency payments from agencies are netted against currency payments within central government debt management. Debt Office Commentary: More efficient management of Swedish government agencies' international paymentshttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2021/debt-office-commentary-more-efficient-management-of-swedish-government-agencies-international-payments/Mon, 28 Jun 2021 11:00:00 GMTNewsAbout the Debt OfficeGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/government-guarantee-programme-for-companies-extended-until-30-september-2021/The guarantee programme entails that the Swedish National Debt Office can provide credit guarantees for loans granted to companies by participating banks and credit institutions. The programme caters primarily to small and medium-sized enterprises in Sweden that have been adversely affected financially by the pandemic but are otherwise viable. The majority of the guarantees were issued during the spring of 2020 when uncertainty about the pandemic's impact on the economy was at its peak. Although current demand for the state guarantees is limited, an extension of the Government guarantee programme for companies is a good measure because the pandemic is not over and the economy has not yet returned to normal, says Magnus Rystedt, Head of Guarantee and Financing at the Debt Office.   Statistics show that mainly smaller loans have been issued within the framework of the Government guarantee programme for companies. On 30 May 2021, lending under the programme amounted to SEK 2.6 billion across 754 loans. With the extension, companies can now apply for loans under the guarantee programme until 30 September 2021 by contacting their lender/bank. The state guarantee framework for 2021 amounts to SEK 50 billion. Since the central government guarantees up to 70 per cent of the loan amount, guaranteed loans under the programme if fully utilised could total just over SEK 71 billion. Read more here (in Swedish) Read the press release from the Government herehttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/government-guarantee-programme-for-companies-extended-until-30-september-2021/Tue, 15 Jun 2021 14:53:30 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/credit-guarantees-for-green-investments/On 3 June 2021, the Government resolved to give to the Debt Office a mandate to issue state credit guarantees starting 22 June 2021. The guarantees can be issued under the guarantee scheme for loans for financing large-scale industrial investment in Sweden that contributes to reaching the goals of the environmental objectives system and climate policy framework. To be able to participate in the programme, a loan must amount to at least SEK 500 million, and the central government will guarantee up to 80 per cent of the loan amount. The term to maturity for a credit guarantee is a maximum of 15 years. We look forward to being able to contribute to Sweden’s green transformation, and we welcome applications. The state credit guarantees enable industry to gain access to loans with long maturities, which in many cases are a prerequisite for companies to be able to make long-term green investments, says Hans Lindblad, Director General of the Debt Office. In 2021, the guarantee framework amounts to a maximum of SEK 10 billion. The guarantee framework is expected to reach SEK 15 billion in 2022 and SEK 25 billion in 2023. Questions from lenders and borrowers: green.guarantees@riksgalden.se For further information about the green credit guarantees, see the Debt Office's website.https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/credit-guarantees-for-green-investments/Tue, 08 Jun 2021 15:15:00 GMTPress releaseAbout the Debt OfficeGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/government-guarantee-programme-for-companies-is-extended-to-30-june-2021/The programme entails that the Swedish National Debt Office can provide credit guarantees for participating banks’ and credit institutions’ lending to companies. It caters primarily to small and medium-sized enterprises in Sweden that have been affected financially by the coronavirus pandemic but which are otherwise viable. The economic development to result from the coronavirus pandemic is still uncertain, so the need for state guarantees may remain for some time to come, says Magnus Rystedt, Head of the Guarantee and Financing Department at the Debt Office. The extension enables companies to apply for loans under the guarantee programme up to and including 30 June 2021, by contacting their lender/bank. The state guarantee framework for 2021 is SEK 50 billion. As the central government guarantees up to 70 per cent of the loan amount, loans that can be guaranteed under the programme could, if fully utilised, amount to SEK 71 billion. On 31 December 2020, lending under the programme amounted to SEK 2.6 billion divided among 738 loans. Up to the turn of the year, the hotel and restaurant industry was that which was granted the most loans, whereas the trade industry accounted for the largest volume of lending calculated in kronor. Companies with up to 49 employees accounted for over 90 per cent of the number of loans and close to 50 per cent of the volume. Read more here (in Swedish)https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2021/government-guarantee-programme-for-companies-is-extended-to-30-june-2021/Thu, 11 Feb 2021 10:00:00 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/debt-office-provides-guarantee-for-braathens-regional-airways/The loan will run for five years, and the guarantee covers 90 per cent of the principal of the loan. Background To mitigate the economic impact of the coronavirus pandemic, the Debt Office, as mandated by the Government, is providing credit guarantees for airlines. The credit guarantees may amount to a maximum of SEK 5 billion in total, of which a maximum of SEK 1.5 billion may be for SAS AB. The guarantee for Braathens Regional Airways is the second guarantee that has been provided under the guarantee programme for airlines. The first guarantee issued was to benefit SAS AB. Subsequently, SAS AB has repaid that loan, and the Debt Office’s committment in that case has been concluded. No new guarantees can be granted under the guarantee programme for airlines after 31 December 2020. Contact Press telephone: +46 8-613 47 01https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/debt-office-provides-guarantee-for-braathens-regional-airways/Thu, 31 Dec 2020 10:00:00 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/debt-office-is-prepared-for-extended-government-guarantee-programme-for-companies/The period for being able to participate in the programme is currently set to expire on 31 December 2020. We are prepared for a continuation of the Government guarantee programme for companies. The economic development resulting from the coronavirus pandemic is still uncertain. Therefore, the need for state guarantees may remain for some time to come, says Magnus Rystedt, Head of Guarantee and Financing at the Debt Office. The Government guarantee programme for companies primarily caters to small and medium-sized enterprises, and the loans are provided through the credit institutions’ normal credit process. The Government proposes that the guarantee framework be reduced by half in 2021, from SEK 100 billion to SEK 50 billion. Since the central government bears 70 per cent of the risk, this means that loans that can be guaranteed under the programme could, if fully utilised, amount to SEK 71.4 billion. On 27 November, lending under the programme reached SEK 2.4 billion divided among 684 loans. Statistics for the Government guarantee programme for companies on 30 October The most recent statistics on the distribution by sector, geography and size are from week 44 (30 October). The statistics show that the state guarantees have mainly been granted to companies within the hotel and restaurant industry, followed by companies in the trade sector. Just over 50 per cent of the companies are in Stockholm and Region Västra Götaland, and 92 per cent of them have less than 50 employees. So-called microenterprises – companies with less than 10 employees – account for 63 per cent of the number of loans granted under the programme. The credit institutions’ lending with a state guarantee to companies is distributed among different sectors as shown in the table below Industry/sector Number in % Hotel and restaurant 29% Trade 19% Transport 10% Manufacturing 8% Within legal, finance, or technology 7% Rental, travel services and other support services 6% Culture, entertainment and recreation 5% Other 16% TOTAL 100% Lending by geographic distribution is illustrated in the table below Location of domicile Number in % Stockholm 36% Västra Götaland 21% Skåne 8% Jönköping 4% Värmland 4% Dalarna 4% Jämtland 3% Norrbotten 3% Other 18% TOTAL 100% Distribution by size of the enterprises that have loans under the Government guarantee programme for companies is presented in the table below Size   of company Number in % Micro-enterprises (0-9 employees) 63% Small enterprises(10-49 employees) 29% Medium-sized enterprises (50-249 employees) 7% Large enterprises (≥ 250 employees) 1% TOTAL 100% More about the guarantee programme for companies (in Swedish)https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/debt-office-is-prepared-for-extended-government-guarantee-programme-for-companies/Thu, 17 Dec 2020 08:00:00 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/debt-office-receives-mandate-to-make-preparations-for-issuing-green-state-credit-guarantees/The Swedish National Debt Office is responsible for managing central government finances, and the Government can also mandate the agency to issue state guarantees. “Providing state guarantees is part of the Debt Office’s ongoing responsibilities. We have now begun to explore the way in which to set up this programme”, says Magnus Rystedt, head of the Guarantee and Financing Department at the Debt Office. The investments that may be eligible are considered to be of such a scope as to bear the cost of the guarantee fee reflecting the risk. The proposal will be formed so that the procedure is compatible with EU regulations on state aid. The credit guarantees will be evaluated on the basis of technology-neutral criteria and are proposed to be issued over several years starting the first half of 2021. During 2021, it is proposed that the credit guarantees amount to a maximum of SEK 10 billion. A guarantee framework of SEK 15 billion is estimated for 2022, and of SEK 25 billion for 2023. Read more about the assignment on the Government's website (only avaliable in Swedish)https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/debt-office-receives-mandate-to-make-preparations-for-issuing-green-state-credit-guarantees/Tue, 24 Nov 2020 15:46:37 GMTNewsGuarantees and Lendinghttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/state-credit-guarantee-to-sas-ab-now-terminated/The termination of the loan and thereby of the state credit guarantee is in accordance with the company’s recapitalisation plan. The Debt Office issued a SEK 1.5 billion credit guarantee to SAS AB on 4 May 2020. The guarantee was a joint action in which the Danish state undertook an equal guarantee commitment. SAS AB has also settled the loan that was guaranteed by the Danish government. Contact Debt Office press telephone: +46 (0) 8 613 47 01 Related content Press release 5 May 2020: Sweden provides guarantee for SAS ABhttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/state-credit-guarantee-to-sas-ab-now-terminated/Fri, 30 Oct 2020 13:30:00 GMTNewsGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/government-guarantee-programme-for-companies-is-extended-to-31-december-2020/The configuration of the guarantee programme is the same as before and entails that the Swedish National Debt Office can provide credit guarantees for loans to primarily small and medium-sized enterprises in Sweden that have been affected financially by the coronavirus but are otherwise viable. The Debt Office issues the guarantees to banks and credit institutions, which in turn issue the loans to the companies. Businesses can now apply for loans under the guarantee programme until 31 December 2020 by contacting their lender/bank. List of participating banks and credit institutions (in Swedish) The central government guarantees up to 70 per cent of the loan amount. Up to and including week 38 (18 September), 615 loans totalling SEK 2.2 billion had been granted under the government guarantee programme for companies. Contact Press telephone: +46 8 613 47 01  https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/government-guarantee-programme-for-companies-is-extended-to-31-december-2020/Thu, 24 Sep 2020 13:45:00 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/norwegian-air-sweden-ab-has-application-for-credit-guarantee-denied/The Debt Office is mandated by the Government to issue credit guarantees for new loans to airlines that, on 1 January 2020, had a Swedish licence to conduct commercial aviation operations and that have their main operations or are domiciled in Sweden. The provision of guarantees shall be carried out in accordance with Ordinance 2011:211 on loans and guarantees (the guarantee ordinance) and according to certain specific conditions set out in the Government’s mandate. Norwegian Air Sweden AB (Norwegian) has applied to be able to receive a Swedish credit guarantee within the framework of the aviation guarantee scheme. The Government’s mandate stipulates that a guarantee may only be granted to the airline companies that are assessed to have been financially viable on 31 December 2019. The Debt Office’s assessment in regard to Norwegian is that as of 31 December 2019 there was a very high risk that Norwegian would not be able to fulfil its financial commitments and that the company was not deemed capable then of managing further indebtedness. Therefore, the company has not been considered financially viable as of 31 December 2019. Accordingly, Norwegian’s application has been denied. In accordance with the guarantee ordinance, the Debt Office’s decision cannot be appealed. Contact Press telephone: + 46 8 613 47 01https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/press-releases/2020/norwegian-air-sweden-ab-has-application-for-credit-guarantee-denied/Tue, 18 Aug 2020 07:30:00 GMTPress releaseGuarantees and LendingCoronavirus pandemichttps://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/the-debt-offices-support-measures-to-mitigate-the-economic-impact-of-the-coronavirus/The assignments were given by the Government in March, with some subsequent amendments. Here, we present a summary of activities carried out under the programmes up to and including 31 July 2020. The Government guarantee programme for companies – credit guarantees to small and medium-sized enterprises The Government has mandated the Debt Office to provide state credit guarantees for a maximum total of SEK 100 billion to benefit in particular small and medium-sized companies that have been financially impacted by the COVID-19 pandemic but are otherwise viable. The central government guarantees up to 70 per cent of the loan amount. The Debt Office issues the guarantees to credit institutions that in turn issue loans to the companies. The companies can apply for loans under the guarantee programme by contacting their lender/bank. Read more about the Government guarantee programme for companies and other terms and conditions here (in Swedish) Status as of 31 July 2020 Guarantee framework according to mandate: SEK 100 billion Allocated framework amount – funds made available for lending, of which the central government's guarantee commitment is 70 per cent: SEK 39 billion Value of total loans paid out: SEK 2,064 million Total guaranteed amount (70 per cent of loan amount): SEK 1,445 million Number of participating banks and other credit institutions: 71 credit institutions Number of loans granted: 539 loans granted State credit guarantees to airlines with operations in Sweden The Government has mandated the Debt Office to provide credit guarantees for new loans to airline companies that, on 1 January 2020, had a Swedish licence to conduct commercial aviation operations and that have their main operations or are domiciled in Sweden. A guarantee may only be granted to a company that was not in financial difficulty as of 31 December 2019 and is deemed to have been financially viable at that particular time. Read more about the guarantee programme for airlines and other terms and conditions here (in Swedish) Two airline companies have applied to be able to receive a state credit guarantee within the framework of the guarantee programme for airlines. One application has been approved. One application has been denied because the company is not deemed to have been financially viable as of 31 December 2019. Status as of 31 July 2020 The guarantee framework according to the Government's mandate: SEK 5 billion, of which one guarantee to SAS may amount to a maximum of SEK 1.5 billion. Number of applications received: 2 - Of which approved: 1 (SAS AB) - Of which denied: 1 (Norwegian Air Sweden AB) Guarantees issued: SAS AB, SEK 1.5 billion Contact Press telephone: + 46 8 613 47 01  https://www.riksgalden.se/fi/press-and-publications/press-releases-and-news/news/2020/the-debt-offices-support-measures-to-mitigate-the-economic-impact-of-the-coronavirus/Tue, 18 Aug 2020 07:30:00 GMTNewsGuarantees and LendingCoronavirus pandemic