Nordic funding plans respond to Covid-19

By Frank Jackman
17 Mar 2020

Denmark and Sweden unveiled a number of policies to combat the economic effects of the Covid-19 pandemic this week, with big changes to their funding plans. Sweden has decided to focus on the short end with an increase in treasury bill and commercial paper borrowing, while Denmark has chosen to increase its overall funding programme.

The Riksgalden, Sweden’s debt management office, said on Monday that it will fund the government’s crisis response package through an increase in short term borrowing.

The issuance of Swedish krona denominated treasury bills and foreign currency commercial paper will rise to meet the new funding requirement. There are ...

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