The State Treasury publishes a quarterly review, which includes information on recent developments in debt management and an outlook for the upcoming quarter, including auction dates. The first outlook of 2021 has just been published.
A quick summary:
- In the second quarter of the year, the State Treasury is planning to issue a second new euro benchmark bond, which is likely to have a 10 year maturity
- Auction calendar for Q2 has been published
- The government’s latest supplementary budget for 2021 indicates a net borrowing requirement of EUR 11.8 billion, implying gross borrowing of EUR 35.9 billion. Approximately 17.5 billion of this is expected to be covered with long-term debt, the rest with short-term debt
- State Treasury estimates to complete about 60 per cent of the above annual long term funding by the end of June
- Finnish economy is expected to recover in 2021 as the easing of the COVID-19 pandemic will bring back the economy closer to normal conditions
- The volume of Finland’s GDP fell by 2.8 per cent in 2020 – a much smaller decline than feared earlier last year
For full article, please continue to Quarterly Review 1/2021 on Publications