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  
  One short-dated EUR or USD bond  

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