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Securities issues, June 2019

Decreased borrowing in debt securities denominated in US dollars and Swedish krona

Statistical news from Statistics Sweden 2019-07-16 9.30

Total liability in debt securities denominated in foreign currency decreased by SEK 21 billion compared with the previous month. This decrease was primarily due to debt securities denominated in US dollars, which is mainly due to a strengthening of the Swedish krona against the US dollar.

As debt securities denominated in foreign currency account for 44 percent of total Swedish borrowing in debt securities, a development of the exchange rate can have a considerable effect on the debt stock. In June, debt securities denominated in US dollars had a net decrease of SEK 13 billion. This means that repurchase and maturity have had a larger effect than new and on-tap issues. However, the total debt stock for debt securities denominated in US dollars has decreased by SEK 41 billion compared with the previous month. The difference can be explained by a strengthening of the Swedish krona against the US dollar since May.

At the end of June, the total debt stock for debt securities denominated in Swedish krona amounted to SEK 4 318 billion, a decrease of SEK 30 billion compared with the previous month. This decrease is accounted for by bonds denominated in Swedish krona valued at SEK 34 billion. The difference can be explained by an increase of SEK 4 billion in money market instruments.

Changes in the bank and housing sector

The bank sector decreased its borrowing in money market instruments and bonds by SEK 14 billion and SEK 36 billion in value respectively, compared with the previous month. The decrease in money market instruments consisted mainly of debt securities denominated in foreign currency, while the decrease in bonds consisted mainly of debt securities denominated in Swedish krona.

The total debt stock for the housing sector decreased by SEK 21 billion compared with the previous month. Since the housing sector does not have an outstanding debt for money market instruments, the change in June can be explained by the development of long-term debt securities. Bonds denominated in Swedish krona decreased by SEK 23 billion compared with the previous month. The difference can be explained by an increase of SEK 2 billion in bonds denominated in foreign currency.

Outstanding amount, SEK billions

Securities issues

Maturity structure

Debt securities valued at SEK 1 393 billion will reach maturity in the next six months. Of the total maturity value, mainly short-term debt securities valued at SEK 1 036 billion account for the maturity value.

It is worth noting that the distribution of the maturity value in total is 83 percent for the sector other monetary financial institutions, non-financial and the bank sector.

Maturity, SEK billions
Securities issues

Next publishing will be

2019-08-16 at 9.30

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency

The Riksbank

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Statistics Sweden, Financial Market Statistics Unit

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Fraser Ames

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Simon Abraham

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