Guidelines for central government debt management 2019

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Direction of central government debt policy The guidelines decision for 2019 merges the maturity steering of the nominal and inflationlinked
krona debt. As a result, the duration of the krona debt is changed to between 4 and 6.5 years. A common maturity target for the krona debt
replaces the present steering divided up into nominal (4.3–5.5 years) and inflation-linked (6–9 years) krona debt. The guidelines decision also removes the wording about borrowing in the
retail market.

The steering of the maturity of the foreign currency debt remains unchanged, as does the steering of the composition of the central
government debt.

The maturity (in terms of duration) of the debt types is to be steered towards:

  • Foreign currency debt: 0–1 year
  • Krona debt: 4–6.5 years

The composition of the central government debt is
to be steered towards:

  • Foreign currency debt: A reduction of up to
    SEK 30 billion per year.
  • Inflation-linked krona debt: 20 per cent (in
    the long term).
  • The nominal krona debt is to make up the
    remaining share.