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 central government maintains the target for domestic bond issuance at kr. 65 billion at market value. Issuances will be focused in the 2- and 10-year nominal maturity segments, supplemented with issuance in the 10-year green government bond and limited issuances in the inflation-linked bond maturing in 2034 and the 30-year bond.
The total financing requirement remains broadly unchanged
As Economic Survey, May 2026 has not been published, the net financing requirement for 2026 remains unchanged from the estimate in December 2025. The total financing requirements is expected to increase by kr. 15 billion to kr. 124 billion, reflecting buybacks in the 1st half of 2026 of bonds maturing after 2026.
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 | 2.00 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 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 |
11 | |
| One short-dated EUR bond | ||
| Note: The central government’s domestic on-the-run issues. | ||