Sweden opened for 100-year bonds amid ongoing review

24.10.2019 - Korneychuk Evgeniya
Sweden opened for 100-year bonds amid ongoing review

Sweden opened for 100-year bonds amid ongoing review

Sweden’s debt office is looking into the option of issuing bonds as long as 100 years according to its director general, Hans Lindblad. However, the office wants more time to research the subject before making its decision.

The comments follow an announcement by the Stockholm-based office that there’s currently “no scope” to issue debt at such maturities. But in an interview on Wednesday, Linblad said that it may change.

Lindblad first indicated in August that his office might expand its offering to add 100-year bonds due to negative interest rates spreading across large swaths of the global fixed-income market. As of now, Sweden’s longest-dated bond matures in 2039 with a yielding about 0.3%. Its other debt trades at negative rates along with more than $13 trillion in fixed-income securities worldwide.

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