Other announcements

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14-12-2018

Danish Government Debt Policy, Strategy 2019

The target for sales of domestic government bonds and T-bills in 2019 is kr. 65 billion and kr. 30 billion, respectively. This is unchanged from 2018. Issuance will be focused in the 2- and 10-year maturity segments. On 23 January, a new 10-year bond with maturity in 2029 will be opened. A new 2-year bond with maturity in 2022 will also be opened in the 1st half of the year.

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Government Debt
14-12-2018

New financing of social housing strengthens the market for Danish government securities

In 2018, the central government has purchased all government-guaranteed mortgage bonds issued for financing social housing. The government will also bid for such bonds in 2019. The purchases allow the central government to build up series of liquid government securities and maintain a broad range of on-the-run issues. The government’s interest rate risk is independent of the coupon and maturity of the bonds purchased.

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Government Debt
19-06-2018

Central government borrowing strategy in the 2nd half of 2018

The targets for sales of government bonds and the outstanding volume of T-bills are maintained at kr. 65 billion and kr. 30 billion, respectively, in the 2nd half of 2018. The expected average sale of government bonds per auction is around kr. 2.5 billion at market value. The on-the-run issues will remain unchanged and focus will be on issuance in the 2-year and 10-year nominal bonds.

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Government Debt
31-01-2018

Danish government borrowing and debt 2017

Denmark's central government debt was 21 per cent of GDP at the end of 2017. This is a decrease from 2016, attributable to a government budget surplus. In 2017, on average, the central government issued bonds at a yield to maturity of 0.2 per cent and a maturity of 7.5 years. Interest costs for the central government debt totalled 0.8 per cent of GDP. The yield spread to Germany narrowed, and liquidity improved further in the market for Danish government bonds in 2017, where the central government introduced a new primary dealer model.

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Government Debt
19-01-2018

Opening of 0.1 per cent inflation-linked bullet loan 2030

On 7 February 2018, 0.1 per cent inflation-linked bullet loan 2030 (ISIN: DK0009923724) will be opened. The government bond will be linked to the Danish consumer price index, CPI. The interest payment date will be 15 November and the bond will be repaid on 15 November 2030. The new bond will replace 0.1 per cent inflation-linked bullet loan 2023 as key on-the-run issue. After this the central government can conduct buy-backs in 0.1 per cent inflation-linked bullet loan 2023.

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Government Debt