Denmark targets $ 10 billion in government bond sales in 2022, central bank says

COPENHAGEN, December 22 (Reuters) – Denmark aims to issue new government bonds worth 65 billion Danish kroner ($ 9.9 billion) in 2022, of which about a quarter of the amount will come from its news 10-year green bonds, according to the central bank said on Wednesday,

It has also set itself a target of issuing 35 billion crowns of short-term loan programs, such as treasury bills and commercial paper.

The government said last week that it estimated the financing requirement for 2022 at NKr 146 billion, down from the previous estimate of NKr 195 billion.

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Along with the previously announced introduction of a 10-year green bond, which will open on January 19, the central bank also announced that it will introduce a new inflation-linked bond in the second half of 2022, which will be linked to the Danish Consumer Price Index.

It aims to increase the volume of these bonds to 20 billion crowns over the next few years.

Total green bond auctions in January will not exceed 5 billion crowns, the central bank said. Of the 65 billion public debt, green bonds will represent 15 billion crowns next year, he added.

($ 1 = 6.5580 Danish crowns)

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Reporting by Nikolaj Skydsgaard; Editing by Alexander Smith and Paul Simao

Our Standards: Thomson Reuters Trust Principles.

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