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Securities issues, December 2020

Swedish enterprises decreased liabilities in bonds

Statistical news from Statistics Sweden 2021-01-19 9.30

Total Swedish liabilities in bonds amounted to SEK 6 735 billion at the end of December, down by SEK 96 billion compared with the previous month. This decrease is mainly due to debt securities denominated in Swedish kronor and US dollars.

Contents of this publication

Statistics Sweden’s monthly publication on securities issues covers total outstanding volume and maturity structure for debt securities issued by Swedish issuers. It describes the development and conditions of Swedish enterprises’ debt securities borrowing.

Developments in December 2020 in brief

Liabilities in bonds decreased, while liabilities in money market instruments increased

  • Bonds denominated in Swedish kronor decreased by SEK 34 billion compared with the previous month and bonds denominated in US dollars decreased by SEK 29 billion.
  • Despite a net increase of SEK 4 billion for bonds denominated in US dollars, the debt stock decreased as the result of a strengthened Swedish krona.
  • Liabilities for bonds decreased by 1.4 percent compared with the previous month.
  • Total liability for money market instruments amounted to SEK 1 407 billion at the end of December, up by SEK 32 billion compared with the previous month.
  • Money market instruments denominated in Swedish kronor and euros each increased during the month by SEK 19 billion in value.
  • The annual growth rate for total liabilities in debt securities was 6.0 percent, up by 1.1 percentage points compared with November.

Many sectors decreased their borrowing in December

  • Secured bonds from monetary financial institutions decreased by SEK 28 billion compared with the previous month and amounted to SEK 2 496 billion at the end of the month. This decrease derives mainly from bonds denominated in Swedish kronor and euros valued at SEK 17 billion and SEK 10 billion respectively. The euro decrease is mainly due to a strengthened Swedish krona during the month, and liabilities thus decreased by an additional SEK 8 billion.
  • Total liabilities for unsecured instruments from monetary financial institutions amounted to SEK 2 248 billion at the end of December, down by SEK 68 billion compared with the previous month. The bulk of the decrease derives from currency movement during the month.
  • Riksbank Certificates noted barely any growth in December; the balance amounted to SEK 380 billion at the end of the month.
  • The central government sector and the local government sector both increased borrowing, by SEK 48 billion and by SEK 3 billion respectively in value compared with the previous month. At the end of the month, total liabilities amounted to SEK 1 119 billion and SEK 222 billion respectively.
  • Non-financial and other financial institutions decreased their borrowing by SEK 10 billion and by SEK 9 billion respectively compared with the previous month. At the end of the month, total liabilities amounted to SEK 1 421 billion and SEK 256 billion respectively.
Outstanding amount, SEK billions
Securities Issues

Maturity structure

  • Within the next year, SEK 2 601 billion will reach maturity; this represents 32 percent of the total outstanding balance for December.
  • Most of the maturity value in the next year, 59 percent in total, comprises secured and unsecured debt securities from monetary financial institutions.
  • Within the next 12 months, the combined maturity value of the central government sector and the local government sector amounts to SEK 304 billion, which represents 12 percent of the maturity value for the next year.

Maturity, SEK billions
Securities Issues

Next publishing will be

2021-02-16 at 9.30

Statistical Database

More information is available in the Statistical Database

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The Riksbank

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Statistics Sweden, Financial Market Statistics Unit

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