​​A government budget surplus reduced central government debt by approximately kr. 115 billion to kr. 323 billion at the end of 2022, equal to just under 12 per cent of GDP. Rising interest rate levels in 2022 meant that the average yield to maturity on nominal government bonds issued in 2022 was 1.13 per cent p.a., which is the highest level since 2013. However, the rising interest rates do not affect interest costs on that part of the central government’s nominal debt which has already been raised.​

On 8 February 2023, 2.25 per cent bullet loan 2033 (ISIN: DK0009924532) will be opened with interest payment date 15 November and repayment 15 November 2033. The new bond will replace 0.00 per cent bullet loan 2031 as key on-the-run issue. After this the central government can conduct buy-backs in 0.00 per cent bullet loan 2031.

The government bond issuance target is set at kr. 65 billion in 2023. The focus will primarily be on issuances in the 2-year and 10-year nominal maturity segments. In February 2023, a new 10-year nominal bond will be opened. In the second half of the year, a new 10-year green bond will also be opened. In 2023, the central government expects to issue a foreign currency bond under the EMTN programme.