The housing credit institutions’ increase is solely due to an increase in long-term securities denominated in Swedish kronor, valued at SEK 15 billion.
It is worth noting that the total debt stock for housing credit institutions decreased by SEK 3 billion in May. The reduction was due to long-term securities denominated in foreign currencies. The reduction in May was largely due to debt securities denominated in US dollars and euros.

Other monetary financial institutions increased total borrowing by SEK 148 billion compared with the previous month. The total increase is based on debt securities denominated in Swedish kronor and foreign currencies. The main underlying cause of the increase in short-term securities was securities denominated in Swedish kronor, valued at SEK 125 billion. This was largely due to an increase in Riksbank certificates compared with the previous month. For long-term securities, the debt stock increased by SEK 28 billion, of which securities denominated in Swedish kronor accounted for SEK 6 billion and securities denominated in foreign currencies accounted for SEK 22 billion. The increase in long-term securities denominated in foreign currencies is largely due to an increase in long-term securities denominated in US dollars, valued at SEK 20 billion. It is worth noting that securities denominated in US dollars increased due to new and on-tap issues with a net value of SEK 17 billion and exchange rate fluctuations valued at SEK 3 billion.

At the end of May, borrowing in short-term and long-term securities denominated in Swedish kronor represented 14 and 86 percent, respectively, of the total borrowing in debt securities denominated in Swedish kronor. Borrowing in short-term securities denominated in Swedish kronor is chiefly issued by the sectors other monetary financial institutions, non-financial and other financial. For long-term securities, it is the housing credit institutions and government sectors.

Maturity structure

Debt securities with a value of SEK 2 228 billion will reach maturity in the next twelve months. The bank, other monetary financial institutions and non-financial sectors represent SEK 822 billion, SEK 611 billion and SEK 263 billion, respectively, of the total maturity value within twelve months.

Maturity value is evenly distributed between short-term and long-term securities, with short-term securities accounting for 55 percent and long-term securities accounting for 45 percent of the maturity value. The currency distribution is also evenly distributed between securities denominated in Swedish kronor and those denominated in foreign currencies.

2018-07-17 at 9:30.