At the end of 2020, the Danish central-government domestic debt amounted to kr. 725 billion. The outstanding volume of domestic bonds is characterised by a relatively long time to maturity reflecting recent years' strategy of issuing predominantly in the long maturity segments. This has contributed to reducing the central government's interest rate and refinancing risks.
Most of the domestic debt consists of fixed-rate bond loans. The T-bill programme and the inflation-linked bond account for a smaller share. In addition, the central government has a small amount of outstanding interest rate swaps at variable rate.