GlobeNewswire

Swedish National Debt Office proposes review of foreign currency exposure of central government debt

Share

Conditions for managing the central government debt have in recent years been characterised by a continued low level of debt, strained liquidity in the government securities market and an increased focus on sustainability. This is evident in the Debt Office’s proposed guidelines for central government debt management.

The Swedish National Debt Office has deemed it necessary to publish its proposed guidelines for central government debt management earlier than anticipated in order to reduce the risk of improper market influence.

At the most recent meeting of the Debt Office’s Board of Directors on 11 September, the Board resolved to propose a new review of the foreign currency exposure of the central government debt. Due to unexpected movements in interest rates and currency rates, there are grounds for re-evaluating the analysis of the currency exposure of the debt that was conducted just prior to 2015. Therefore, the Debt Office proposes that the currency exposure be left unaltered for prudential reasons until a review is completed. This would entail, until further notice, that the Debt Office would refrain from buying in foreign currency for the purposes of reducing the foreign currency debt.

Share of inflation-linked debt should remain the same despite reduced central government debt

The Debt Office has analysed whether the proportion of inflation-linked bonds should be reduced to create additional room for nominal bonds. The results of the analysis show that there are currently no grounds for reducing the share of inflation-linked debt for such reasons, as the stock of inflation-linked bonds is expected to decline drastically even under the current guidelines. There are also no distinct systematic differences in cost between inflation-linked and nominal borrowing.

Proposal for common maturity target for central government debt

The Debt Office proposes a common maturity target for the central government debt because it provides a better overview of the overall level of risk. Merging the maturity steering would result in a maturity interval of 3.5–6 years for the central government debt. This would also include the maturity of the foreign currency debt, which currently has a separate target value.

The report will soon be available in its entirety in English.

Contact: Press telephone: + 46 8 613 47 01

At a general level, central government debt management is governed by the Swedish Budget Act and the Ordinance containing Instructions for the Swedish National Debt Office. These statutes set out, for example, the permitted purposes of central government borrowing and the objective of the debt management. In addition, the Swedish Government adopts guidelines for this management that govern matters including the composition and maturity of the debt.

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.

Attachment

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire 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

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Vostok Emerging Finance depository receipt buy-back14.10.2019 09:20:00 CESTPress release

Stockholm, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Vostok Emerging Finance Ltd’s (“VEF” or “the Company”) has between October 7 and October 11, 2019 repurchased 500,000 Swedish Depository Receipts (SDRs), at an average price of SEK 2,70, corresponding to a 21% discount to the latest reported NAV of the Company. These repurchased SDRs represent 0,08% of the total number of outstanding ordinary SDRs of Vostok Emerging Finance. The Company currently holds 5,016,218 repurchased SDRs. The total number of outstanding SDRs of the Company, excluding repurchased SDRs, is 656,479,777. For further information please contact: Henrik Stenlund, CFO: +46 (0) 8-545 015 50 Vostok Emerging Finance is an investment company with the goal of investing in early stage modern financial services companies across emerging and frontier markets. VEF trades in Sweden on Nasdaq First North Growth Market under the ticker VEMF SDB. Vostok Emerging Finance’s Certified Adviser on Nasdaq First North Growth Market is Pareto Se

Vostok Emerging Finance depository receipt buy-back14.10.2019 09:20:00 CESTPressemelding

Stockholm, Oct. 14, 2019 (GLOBE NEWSWIRE) -- Vostok Emerging Finance Ltd’s (“VEF” or “the Company”) has between October 7 and October 11, 2019 repurchased 500,000 Swedish Depository Receipts (SDRs), at an average price of SEK 2,70, corresponding to a 21% discount to the latest reported NAV of the Company. These repurchased SDRs represent 0,08% of the total number of outstanding ordinary SDRs of Vostok Emerging Finance. The Company currently holds 5,016,218 repurchased SDRs. The total number of outstanding SDRs of the Company, excluding repurchased SDRs, is 656,479,777. For further information please contact: Henrik Stenlund, CFO: +46 (0) 8-545 015 50 Vostok Emerging Finance is an investment company with the goal of investing in early stage modern financial services companies across emerging and frontier markets. VEF trades in Sweden on Nasdaq First North Growth Market under the ticker VEMF SDB. Vostok Emerging Finance’s Certified Adviser on Nasdaq First North Growth Market is Pareto Se

Valberedning inför årsstämma 202014.10.2019 09:00:00 CESTPressemelding

Hexatronic Group AB (publ) 556168-6360 Pressmeddelande 14 oktober 2019 Valberedning inför årsstämma 2020 Till ledamöter i Hexatronic Groups valberedning har utsetts: Mark Shay, representerar Accendo Capital Staffan Ringvall, representerar Handelsbanken Fonder Jonas Nordlund, representerar sig själv Erik Selin, representerar Chirp AB Anders Persson, adjungerad, i egenskap av styrelseordförande i Hexatronic Group Mark Shay valdes till ordförande i valberedningen. Valberedningen har utsetts i enlighet med den instruktion som fastställdes vid årsstämman 2019. Valberedningen representerar tillsammans ca 32 procent av röstetalet för samtliga röstberättigade aktier i bolaget. Valberedningens förslag kommer att presenteras i kallelsen till årsstämman 2020 samt på bolagets hemsida, www.hexatronicgroup.com. Aktieägare som önskar lämna förslag till valberedningen inför årsstämman 2020 kan göra detta genom e-post till lennart.sparud@hexatronic.com (rubricera ”Till Valberedningen”). Göteborg 14 okt

Share Buyback Programme: Week ending 11 October 201914.10.2019 09:00:00 CESTPress release

EUROCASTLE INVESTMENT LIMITED FOR IMMEDIATE RELEASE Contact: International Administration Group (Guernsey) Limited Company Administrator Attn: Mark Woodall Tel: +44 1481 723450 Share Buyback Programme: Transactions in week ending 11 October 2019 Guernsey, 14 October 2019 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 7 October 2019 and 11 October 2019, under its fifth non-discretionary share buyback programme with Liberum Capital Limited (acting as the Company's broker) announced on 9 August 2019 and commenced on 16 September 2019 (the “Fifth Buyback Programme”), it bought back 11,584 of its ordinary shares at an average price of €7.32 per ordinary share. The purchased shares will all be held as treasury shares. The purpose of the share buyback programme is to reduce the share capital of the Company and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of

Oboya får order på blomster- och logistikvagnar om 4,2 MSEK14.10.2019 08:08:00 CESTPressemelding

Oboya Horticulture Industries AB (publ) (”Oboya” eller ”Bolaget”) har genom sitt helägda dotterbolag Oboya Metal Qingdao Co. Ltd i Qingdao, Kina fått order på blomster- och logistikvagnar från kunder i Australien och Colombia. Det sammanlagda ordervärdet uppgår till cirka 421,1 TUSD, motsvarande cirka 4,2 MSEK. Genom dessa beställningar fortsätter Oboya ta marknadsandelar på den internationella odlingsmarknaden och cementerar sin position som en totalleverantör. Bolaget har genom åren erhållit flera order på blomster- och logistikvagnar från kunder i Europa, Nord- och Sydamerika, Afrika och Kina. Oboya har blivit en ledande producent inom produktsegmentet blomster- och logistikvagnar och erbjuder konkurrenskraftiga priser genom direktleveranser från Bolagets fabriker. Beställningarna kommer från ledande odlings- och logistikföretag i Australien och Colombia. Blomster- och logistikvagnarna kommer att användas för såväl effektiv transport som exponering av växter eller blommor i butik. D

Oboya receives orders for flower- and logistics trolleys of SEK 4,2 million14.10.2019 08:08:00 CESTPress release

Oboya Horticulture Industries AB (publ) ("Oboya" or "The Company") has through its wholly owned subsidiary Oboya Metal Qingdao Co. Ltd. in Qingdao, China received orders for flower- and logistics trolleys from customers in Australia and Colombia. The total order value amounts to approximately USD 421.1 thousand, corresponding to approximately SEK 4.2 million. Through these orders, Oboya continues to take market shares in the international cultivation market and cement its position as a total supplier. Over the years, the company has received several orders for flower- and logistics trolleys from customers in Europe, North- and South America, Africa and China. Oboya has become a leading producer of the product segment in flower- and logistics trolleys and offers competitive prices through direct deliveries from the Company's factories. The orders come from leading cultivation and logistics companies in Australia and Colombia. The flower- and logistics trolleys will be used for efficient