Debt securities denominated in foreign currencies account for 47 percent of the total outstanding debt stock. The debt stock of securities in euro and US dollar denominated currencies had a net increase of SEK 11 billion and SEK 10 billion respectively, of which total borrowing in these currencies decreased by SEK 19 billion and SEK 13 billion respectively. Securities denominated in British pounds had a net decrease of SEK 9 billion, of which total borrowing in British pounds decreased by SEK 15 billion. In July, the Swedish krona increased in value against the euro, US dollar and British pound, which led to a decrease in the current debt in securities denominated in euros, US dollars and British pounds.

Total borrowing in money market instruments amounted to SEK 1 184 billion at the end of July, down by SEK 25 billion from the previous month. Money market instruments denominated in Swedish kronor decreased by SEK 10 billion, mainly due to a decrease of SEK 12 billion among other monetary financial institutions’ borrowing denominated in Swedish kronor. Borrowing in money market instruments denominated in foreign currencies decreased by SEK 15 billion and is mainly due to a decrease of SEK 11 billion among the bank sector’s borrowing denominated in foreign currencies.

Total borrowing in bonds amounted to SEK 6 773 billion at the end of July, down by SEK 28 billion compared with the previous month. Bonds denominated in Swedish kronor increased by SEK 14 billion and corresponding borrowing in foreign currencies decreased by SEK 42 billion compared with the previous month. The decrease in total borrowing in bonds is mainly due to a decrease of SEK 21 billion in the bank sector’s borrowing of bonds. It is worth noting that the decrease in the debt stock in bonds denominated in foreign currencies is mainly due to negative exchange rate fluctuations among the euro, US dollar and British pound currencies.

Maturity structure

Debt securities valued at SEK 2 295 billion will reach maturity within twelve months, of which 53 percent of the maturity value is denominated in Swedish kronor. Maturity value is evenly distributed between money market instruments and bonds, of which 52 percent of the maturity value within twelve months consists of money market instruments, and the remaining 48 percent consists of bonds.

2018-09-18 at 9:30.