Debt Office proposes largely unchanged guidelines for debt management
Debt Office proposes largely unchanged guidelines for debt management
The Swedish National Debt Office proposes no significant revisions to the guidelines for managing the central government debt. The proposed guidelines for 2022 are being submitted to the Ministry of Finance today.
The Debt Office does not see a need for any major changes to the guidelines since the revisions made in recent years have led to a more comprehensive steering of the debt management. This means that the Debt Office has the flexibility to manage large variations in the borrowing requirement within the parameters of the guidelines.
The Government adopts new guidelines each year no later than 15 November. This decision is taken after the Debt Office has submitted proposed guidelines on which the Riksbank has been given the opportunity to deliver an opinion. The guidelines set out, among other things, the composition and term to maturity of the debt.
Targets for composition and maturity remain unchanged
- Inflation-linked krona debt – the share of total debt is to be 20 per cent over the long term.
- Foreign currency debt – the exposure is to be unchanged.
- Nominal krona debt – is to make up the remainder in addition to inflation-linked krona debt and foreign currency debt.
The term to maturity of the central government debt is to be between 3.5 and 6 years (measured as duration).
Review of the foreign currency exposure continues
The Debt Office proposes that the foreign currency exposure of the debt still remain unchanged, as the review of the foreign currency debt that the Debt Office began in 2020 is not yet completed. The Debt Office intends to present a finished analysis of the foreign currency exposure of the central government debt in conjunction with the proposed guidelines for 2023.
Point on retail-market borrowing to be removed
The only change that the Debt Office is proposing in the guidelines is for the removal of the point on the evaluation of retail-market borrowing, which will cease once the last lottery bond matures in December 2021.
What guidescentral government debt management
The Swedish Budget Act establishes the permitted purposes of central government borrowing and the debt management objective of minimising the cost over the long term while taking account of the risk. The overall trade-off between cost and risk is contained in the guidelines for debt management as adopted by the Government. The Debt Office is responsible for managing central government borrowing and debt in accordance with the guidelines.
Read the full report: Central Government Debt Management – Proposed Guidelines 2022–2025 (attachment)
Press telephone: +46 8 613 47 01
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Nokia selected by T-2 Slovenia in five-year 5G deal as sole supplier18.10.2021 10:00:00 CEST | Press release
Press Release Nokia selected by T-2 Slovenia in five-year 5G deal as sole supplier Nokia to expand T-2’s Single RAN footprint and introduce enhanced 5G services across the country 18 October 2021 Espoo, Finland – Nokia today announced that it has been selected as the sole vendor by Slovenia’s T-2 in a five-year deal to supply equipment from its comprehensive AirScale 5G portfolio. The new deal will see Nokia upgrade T-2’s existing Single RAN radio footprint as well as introduce enhanced 5G new radio (NR) services. The project is expected to deliver ultra-fast, low-latency, and high-capacity 5G connectivity delivering superior coverage to businesses and consumers alike. Nokia will provide equipment from its latest AirScale radio portfolio, all powered by Nokia's energy-efficient ReefShark System-on-Chip technology. This includes 5G RAN, AirScale base stations, and Nokia AirScale radio access products including its Single RAN portfolio for both indoor and outdoor coverage. These solution
Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme18.10.2021 09:24:27 CEST | Press release
Company Announcement No. 51/2021 Copenhagen, 18 October 2021 Transactions in connection with share buy-back programme On 10 March 2021, Scandinavian Tobacco Group A/S (“STG”) announced that a share buy-back programme of an aggregated price of up to DKK 600 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme. The buy-back programme is executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. The share buy-back programme will end no later than 28 February 2022. The following transactions have been executed from 11 October to 15 October 2021: Number of sharesAverage purchase price, DKKTransaction value, DKKAccumulated, last announcement2,892,365366,515,65211 October 202117,481129.962,271,75912 October 20219,122
KALLELSE TILL EXTRA BOLAGSSTÄMMA I HOYLU AB (PUBL)18.10.2021 08:35:00 CEST | Pressemelding
KALLELSE TILL EXTRA BOLAGSSTÄMMA I HOYLU AB (PUBL) Aktieägarna i Hoylu AB (publ), org. nr 559084-6381 ("Bolaget") kallas härmed till Bolagets extra bolagsstämma måndagen den 22 november 2021, kl. 10.00 hos Eversheds Sutherland Advokatbyrå på Strandvägen 1 i Stockholm. Inregistrering inleds kl. 09.45. INFORMATION MED ANLEDNING AV COVID-19 Med anledning av COVID-19 kommer Bolaget att vidta vissa försiktighetsåtgärder inför extra bolagsstämman. För att minska risken för smittspridning kommer ingen förtäring eller dryck att erbjudas. Styrelsemedlemmar och Bolagets ledning kommer i möjligaste mån att närvara via elektronisk uppkoppling. Aktieägarna har möjlighet att närvara via ombud. DELTAGANDE En aktieägare som vill delta på extra bolagsstämman ska: vara införd i den av Euroclear Sweden AB förda aktieboken senast fredagen den 12 november 2021, ochanmäla sitt deltagande senast tisdagen den 16 november 2021, helst före kl. 16.00. Anmälan att delta på extra bolagsstämman ska ske via e-post t
NOTICE TO ATTEND THE EXTRAORDINARY GENERAL MEETING IN HOYLU AB (PUBL)18.10.2021 08:35:00 CEST | Press release
N.B. This English text is an unofficial translation of the Swedish original of the notice to attend the extraordinary general meeting in Hoylu AB (publ), and in case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail. NOTICE TO ATTEND THE EXTRAORDINARY GENERAL MEETING IN HOYLU AB (PUBL) The shareholders of Hoylu AB (publ), reg. no 559084-6381 (the “Company”) are hereby summoned to attend the extraordinary general meeting held at 10:00 (CET) on Monday 22 November 2021 at the premises of Eversheds Sutherland Advokatbyrå located at Strandvägen 1, Stockholm, Sweden. Registration begins at 09:45 (CET). INFORMATION RELATED TO THE CORONA VIRUS To minimise the risk of spreading the corona virus, no food and beverages will be served at the EGM. Participation of board members and company management will be restricted to online where possible. Shareholders who so desire can attend via a representative. NOTIFICATION OF PARTICIPATION ETC. Share
Hoylu AB (publ) carries out a SEK 19.2 million convertible loan notes issue and calls for EGM to resolve on a SEK 0.9 million convertible loan notes issue to board members18.10.2021 08:30:00 CEST | Press release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE. The Board of Directors of Hoylu AB (publ) (“Hoylu” or the “Company”) has, with support of authorization granted by the annual general meeting on 21 May 2021, carried out a directed issue of convertible loan notes corresponding to a value of SEK 19.2 million. Furthermore, the Company’s shareholder Fougner Invest AS hasproposed that the Company’s extraordinary general meeting resolves on a directed issue of convertible loan notes of SEK 0.9 million towards COO Truls Baklid and CFO Karl Wiersholm and the board members Johan Lindqvist and Hans Othar Blix.Noticeconvening the extraord
Reminder: Program for the publication of Yara International ASA third quarter results 202118.10.2021 08:00:00 CEST | Press release
The Yara International ASA third quarter 2021 results will be published on Wednesday20 October 2021at08:00 CEST. An on-line presentation will be held at 12:00 CEST, hosted by Yara President and CEO Svein Tore Holsether. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at: yara.com/investor-relations/latest-quarterly-report/ There will also be a conference call at 13:00 CEST the same day with an opportunity to ask questions to Yara’s management. Please use this link for online registration for the conference call: http://emea.directeventreg.com/registration/5886579 Participants must register in advance of the conference using the link provided. Upon registering, each participant will be provided with participant dial-in numbers, Direct Event passcode and unique registrant ID.In the 10 minutes prior to call start time, participants will need to use the conference access information provided in the email received
PRESS RELEASE: Bigben finalizes the acquisition of Metronic18.10.2021 07:45:00 CEST | Press release
Press release Lesquin, 18 October 2021, 8:00 hrs Bigben finalizes the acquisition of Metronic (Home Digital Lifebusiness unit of HF Company) Bigben announces the completion of the acquisition of METRONIC within its Audio/Telco Division. METRONIC is the European leader in image processing with a strong position in connected audio-video. Founded in 1987 by Yves Bouget, METRONIC, a recognized player in its sector, designs and distributes innovative products for broadcasting and receiving images in the home (TV and audio accessories, amplifiers, decoders, connectors, headsets, speakers, etc.) as well as telephone accessories and audio products. METRONIC brand products are distributed through a variety of channels, notably through the largest national retailers in each country. METRONIC has offices in France (Tours), Spain and Italy, and employs approximately 90 people. Including its subsidiaries, METRONIC posted sales of 24 M€ and EBITDA of 1.9 M€ as of December 31, 2020. Many synergies be