Securities issues, September 2026
Increased borrowing in debt securities
Statistical news from Statistics Sweden 2026-10-16 8.00
At the end of September, total liabilities in debt securities amounted to SEK 9 680 billion, up by SEK 45 billion from August.
Developments in September 2026 in brief
Increased liabilities in bonds
- At the end of September, total liabilities in debt securities amounted to SEK 9 680 billion, of which bonds accounted for 83 percent and money market instruments accounted for 17 percent.
- During the month, liabilities in bonds increased by SEK 47 billion, while the liabilities in money market instruments decreased by SEK 1 billion.
- The liabilities denominated in foreign currencies increased by SEK 89 billion, while the liabilities denominated in Swedish Krona decreased by SEK 44 billion.
- The annual growth rate for total debt securities liabilities was 4 percent in September, an increase by 2 percentage points from August.
Increased borrowing by the government in September
- In September, it was the government (through Swedish National Debt Office) that accounted for the largest increase in debt securities, with total debt increased by SEK 49 billion.
- Non-financial corporations and monetary financial institutions also increased their debt securities, by SEK 17 billion and SEK 15 billion respectively, during the same period.
- However, Sveriges Riksbank decreased their debt securities in September, by SEK 30 billion.
Outstanding amount
Maturity structure
- Debt securities valued at SEK 1 635 billion will reach maturity within six months, excluding certificates issued by Sveriges Riksbank. Approximately 58 percent of these securities are denominated in foreign currency.
- Debt securities from monetary financial institutions accounted for 65 percent of the total maturity value within six months (excluding certificates issued by Sveriges Riksbank), of which the majority is issued in foreign currency.
Maturity
Green debt securities
- Green debt securities amounted to SEK 1 153 billion in September, up by SEK 25 billion from August.
- Monetary financial institutions accounted for the largest increase during the month, up by SEK 17 billion.
- Monetary financial institutions are still the largest issuer of green debt securities, in total of SEK 541 billion. However, local government issue the largest share of green debt securities in relation to their total outstanding amount (43 percent).
Outstanding amount, green debt securities
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.
Revisions
The September publication included a change in the source used for issuer related information. This has resulted in certain historical reclassifications of sector affiliations dating back to March 2013, primarily from the sector Non-financial corporations to the sector Other financial corporations. These changes do not affect the total amount at the aggregated level.
Securities issues are compiled monthly. Revisions usually occur, mostly for the previous month but sometimes for older periods as well.
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Definitions and explanations
A debt security is a financial instrument issued to finance operations and that provides the holder with interest payments over a specified period. Debt securities may be issued by, for example, central governments, municipalities, banks and corporations. Examples of debt securities include bonds and short-term securities.
A money market instrument is a short-term debt security with an original maturity of up to one year. Examples of money market instruments include treasury bills and certificates.
A bond is a debt security with a longer maturity, typically exceeding one year. The holder of a bond receives interest payments over a specified period and normally receives repayment of the principal amount when the bond matures.
Green debt securities are money market instruments and bonds issued to finance projects that are classified as environmentally and climate sustainable. To be classified as green, the debt security must comply with the principles or requirements of at least one of the following frameworks or regulatory standards
- ICMA Green Bond Principles (GBP)
- Climate Bonds Initiative
- EU regulatory framework for green bonds or green projects
Monetary Financial Institutions (MFIs) include banks, housing credit institutions, finance companies, institutions financing municipalities and companies, monetary securities companies, and monetary investment funds (money market funds).
MFI – covered include debt securities issued by monetary financial institutions. These securities are typically backed by mortgage loans, providing investors with additional protection. Only institutions authorised by Finansinspektionen (the Swedish Financial Supervisory Authority) may issue covered securities.
MFI – non covered include debt securities issued by monetary financial institutions that are not backed by specific assets as collateral for investors.
Non-financial corporations include enterprises that produce goods or provide services, but whose principal activity is not the provision of financial services. Examples of such corporations include companies operating in the industrial, wholesale and retail trade, construction, and real estate sectors.
Other financial include financial corporations whose principal activity is to provide financing, offer financial services or conduct investment activities, excluding banks, insurance corporations or pension institutions. Examples of financial corporations in this sector include credit market companies, fund management companies, securities firms, investment companies, captive financial institutions and financial holding companies.
In the statistics on debt securities, the annual growth rate measures the percentage change in outstanding amounts in the current month compared with the corresponding month of the previous year. It is used to describe developments over time and to facilitate comparisons across periods.
The Swedish Financial Market 2024
European green bond standard | EUR-Lex
List of Swedish Monetary Financial Institutions | Sveriges Riksbank
Company register | Finansinspektionen