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 2024
Issuance target is maintained at kr. 65 billion for bond sales
The target for bond issuances is maintained at kr. 65 billion. The target is maintained to ensure a liquid and well-functioning government debt market. Focus will continue to be on issuance in the 2-year and 10-year nominal bonds.
Continued support of market liquidity in the government debt market
The government has actively supported the market in the first half of the year with switch auctions and buy-backs. This is expected to continue in the second half of the year.
Issuance under the central government’s EMTN programme
In the 2nd half of 2024, a short-term bond in either euro or us dollars will be issued under the central government’s EMTN programme. The strategy remains to issue one foreign currency bond annually. The issuance ensures a strong and broad market access in foreign currencies.
| Issuance segment | Issuance paper | Target, kr. billion (market value) |
| Bonds | 65 | |
| 2-year bond | 2.25% 2026 | |
| 10-year bond | 2.25% 2033 | |
| 10-year green bond | 2.25% 2033 | |
| 30-year bond | 0.25% 2052 | |
| Inflation-linked bonds | 0.10% 2034 | |
| Short-term papers | 35 | |
| T-bills | New 6-month T-bill opened every 3 months | |
| Commercial papers | USCP in USD and ECP in EUR and USD | |
| EMTN |
12 | |
| One short-dated EUR or USD bond | ||