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 2026
Target for domestic bond issuance of kr. 65 billion
The target for issuance of government bonds is kr. 65 billion in 2026. The focus will continue to be on issuance in the nominal 2-year and 10-year maturity segments, supplemented with issuance in the green bond, the 30-year bond and the central government's inflation-linked government bond programme.
Opening of a new 2-year government bond
In January 2026, a new 2-year government bond will be opened via auction maturing in 2028. The new government bond will replace DGB 0.50 per cent 2027 as the 2-year bond and will be continuously built up via auction and tap.
Continuous issuance in central government's green bond programme
The central government's 10-year green government bond, DGB 2.25 per cent 2035G, will be continuously offered on auction in 2026. The issuance of the green government bond will be up to kr. 10 billion in 2026.
| Issuance segment | Issuance paper | Target, kr. billion (market value) |
| Bonds | 65 | |
| 2-year bond | 0.50 per cent 2027 / X.XX per cent 2028 | |
| 10-year bond | 2.25 per cent 2035 | |
| 10-year green bond | 2.25 per cent 2035G | Maximum of kr. 10 billion |
| 30-year bond | 0.25 per cent 2052 | |
| Inflation-linked bonds | 0.10 per cent 2030i and 0.10 per cent 2034i | |
| Short-term papers | 20 | |
| 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 | ||
| Note: The central government’s domestic on-the-run issues. Where two on-the-run issues are separated by ‘/’, a segment change is made during the year. ‘X.XX’ indicates a currently unknown coupon rate. | ||