During November, the debt liability in foreign currencies increased by SEK 28 billion for long-term securities compared to October. Behind this increase is mainly new issues in euro and exchange rate fluctuations. During November, the euro increased in value against Swedish kronor, which has meant an increase in the liability of euro denominated securities. The debt liability for short-term securities in foreign currencies increased during November by SEK 17 billion. It was mainly pound and euro denominated securities that were behind the increase.

The total Swedish interest-bearing debt security accounts for 47 percent of securities denominated in foreign currencies. Of long-term securities, 46 percent are denominated in foreign currencies and of short-term securities 50 percent are denominated in foreign currencies. During the last four months, the euro has been the most common currency to issue long-term securities in and the second most common is US dollar. However, for short-term securities, the US dollar has been the most common currency to issue in followed by the euro. It is worth noting that long-term securities are to a higher proportation denominated in euros than US dollars, 25 and 15 percent, respectively. Short-term securities are, however, denominated to a higher proportation in US dollars than euros, 26 and 14 percent, respectively.

Most willing to issue in foreign currencies is the banking sector and least willing is the municipal sector. The total debt security for the banking and municipal sector consists of 77 and 17 percent respectively of interest-bearing securities denominated in foreign currencies.

Within the banking sector the liability increased by SEK 54 billion, evenly distributed between short and long-term securities. The proportation of short-term securities denominated in foreign currencies accounts for 94 percent of the total short-term liability during November. It is mainly securities denominated in US dollars to 45 percent and euros to 29 percent that represent this liability. For long-term securities it is mainly securities denominated in euro to 36 percent that represent a larger part of the liability.

The liability value for the municipal sector increased by SEK 4 billion during November, to SEK 186 billion. The liability is evenly distributed between short and long-term securities. Securities denominated in US dollars represent 14 percent of the total liability for short-term securities. It is worth noting that during the last four months the municipal sector has not issued any long-term securities denominated in US dollars.

2018-01-17 at 9:30.