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Borrowing first quarter 2022

  • The average maturity on new transactions in the first quarter of 2022 was 2.5 years.
  • The fixed-interest period, including derivatives, on new transactions in the first quarter of 2022 was 2.91 years

Basis

The information for the first quarter of 2022 is based on 458 loans, bonds and commercial papers for a total amount of SEK 45 billion and 54 financial derivatives equivalent of SEK 10 billion.

Borrowing Quarter 1 2022

0-1 years 1-2 years 2-3 years 3-4 years 4-5 years 5-7 years 7-10 years >10 years
Borrowing Quarter 2 2021 47 7 9 11 9 13 3 2

Choice of fixed-interest period

49 percent of the borrowing, excluding commercial papers, that started in the first quarter of 2022 was tied to a variable interest base.

Distribution of borrowing between fixed and variable interest

Variable rate Fixed rate
Distribution 49 51

Interest rate level

The average interest rate, including derivatives, on the local government sector’s new transactions in the first quarter of 2022 was 0.65 percent.

Trend & analysis

The average interest rate on new transactions increased to 0.65 percent compared with 0.36 percent during the previous quarter.

Average interest rate excluding and including derivatives

Interest excluding derivatives Interest including derivatives
Interest rate level 0.48 0.65