Guidelines for central government debt management in 2020
The guidelines decision for 2020 adjusts the steering of the foreign currency exposure of the central government debt. The adjustment means that its foreign currency exposure is to be unchanged. A combined maturity target for the central government debt replaces the present steering divided up into krona debt (4–6.5 years) and foreign currency debt (0–1 year). As a result, the term to maturity of the central government debt is changed to 3.5–6 years.
The steering of the composition of the krona debt is kept unchanged.
The government green bonds, which the Debt Office has been commissioned with issuing, are covered by the general guidelines for the composition and term to maturity of the central government debt.
The composition of the central government debt is to be steered towards:
- Foreign currency debt: The foreign currency is to be unchanged.
- Inflation-linked krona debt: 20 per cent (over the long term).
- The nominal krona debt is to make up the remaining share.
- The term to maturity of the central government debt is to be steered towards 3.5–6 years.