Sweden sets off on 100 yard dash as it adds $1bn EMTN to FX pot

01 Feb 2013

The Kingdom of Sweden — freshly lumbered with an unexpected increase in its funding target — appears to be marching towards its new total with ease and through a healthy mix of instruments.

The country’s central bank’s wish to increase its reserves of dollars and euros led to an extra Skr100bn ($15.7bn) being added earlier this month to the debt office’s initial target of Skr50bn of foreign exchange funding for 2013.

The Riksbank asked for the cash to be raised "in the ...

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