Funding Q 1 2021

  • The average maturity of new transactions in the first quarter of 2021 was 2.52 years.
  • The fixed-interest period, including derivatives, of new transactions in the first quarter of 2021 was 2.68 years.

Basis

The information for the first quarter of 2021 is based on 455 loans, bonds and commercial papers for a total amount of SEK 46 billion and 24 financial derivatives corresponding to a value of SEK 9 billion.

Borrowing Quarter 1 2021

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 1 2021 51 3 7 5 14 17 4 0

Fixed and variable interest

  • 47 percent of the borrowing, excluding commercial papers, that started in the first quarter of 2021 was linked to a variable interest base.

Distribution of borrowing between fixed and variable interest

Variable rate Fixed rate
Distribution 47 53

Interest rate level

  • The average interest rate, including derivatives, in the local government sector’s new transactions in the first quarter of 2021 was 0.29 percent.

Trend & analysis

The average interest rate of new transactions increased to 0.29 percent compared with 0.15 percent in the previous quarter. A contributing factor was an increase in market interest rates during this time period.

Average interest rate excluding and including derivatives

Interest excluding derivatives Interest including derivatives
Interest rate level 0.18 0.29