The main goal for Region Stockholm's debt management is to minimize the long-term financing costs for the county. At the same time, the interest rate is mitigated, and currency risk is strictly limited.
In its debt management, Region Stockholm uses derivatives, mainly interest rate swaps based on a conservative financial policy. For example, open currency risk positions are not allowed in the debt portfolio. Derivative contracts are only entered with approved credit-worthy counterparties, and any excess liquidity is invested in safe and liquid securities based on the financial policy.
As per 6th of October 2022
Region Stockholm has a well-diversified funding structure. Our funding sources include established funding programmes but also bilateral loans as well as leasing.
Euro Medium Term Note programme
- Arranger – Nordea
- Dealers – Barclays Bank, Danske Bank, Deutsche Bank, DNB, Handelsbanken, Nordea, Nykredit, SEB, Swedbank, RBS and Credit Agricole
- Programme amount – EUR 4 billion
Domestic Commercial Paper Programme
- Arranger – Handelsbanken
- Dealers – Danske Bank, DNB, Handelsbanken, Nordea, SEB and Swedbank
- Programme amount – SEK 5 billion
Bilateral loans from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) are related to specific investments in transport and health care in the Stockholm region.
Credit Facilities – as of 2022-10-06 Region Stockholm had credit facilities totalling SEK 7 billion.
AB SL, the company owned by Region Stockholm that manages public transport, also has leasing commitments.