The proceeds from the Government's sale of Wine & Spirits are equivalent to SEK 55 billion. The payment will be made in US dollar (6 050 million) and Euro (1 450 million). The Debt Office will invest the amount on the international money market in foreign currencies. The funds will later gradually be used for repayment of maturing loans, interest payments etc. Hence, the Debt Office will not exchange the proceeds to Swedish kronor.
Since the sale will be made in foreign currencies, the Government's foreign currency debt will by be amortized a few month faster. The Debt Office's target for the share of foreign currency debt of 15 per cent will now be achieved when the payment for the transaction takes place. Any other effect on the share of the foreign currency debt will not occur.
Further information can be obtained by:
Thomas Olofsson, Director, phone + 46 8 613 47 82