Funding strategy
The debt management office is responsible for central government debt management and borrowing. Twice a year, the strategy for the government's issuance and borrowing is published.
Current issuance strategy for 2024
Bond issuance target of kr. 65 billion
The target for bond issuance in 2024 is set at kr. 65 billion. The issuance will primarily take place in the 2- and 10-year nominal segments, supplemented with issuance in the inflation-linked bond and limited issuance in the 30-year segment.
Opening of a new 2- year benchmark government bond
In the 1st quarter of 2024, a new 2-year government bond with maturty in 2026 will be opened. This paper will replace the 1.75 per cent 2025 as the 2-year on-the-run issue.
EMTN issuance in 2024
To maintain the government’s strong access to foreign funding markets and ensure the smooth functioning of the issuance process, a yearly issuance in the EMTN programme is expected going forward.
Issuance segment | Issuance paper | Target, kr. billion (market value) |
Bonds | 65 | |
2-year bond | 2.25% 2026 | |
10-year bond | 2.25% 2033 | |
10-year green bond | 2.25% 2033 | |
30-year bond | 0.25% 2052 | |
Inflation-linked bonds | 0.10% 2034 | |
Short-term papers | 35 | |
T-bills | New 6-month T-bill opened every 3 months | |
Commercial papers | USCP in USD and ECP in EUR and USD | |
EMTN |
12 | |
One short-dated EUR or USD bond |