Covered bonds
To mitigate the effects of the coronavirus pandemic on the Swedish economy, the Riksbank increased its purchases of securities from March 2020 until 31 December 2021 with a total envelope of SEK 700 billion, in addition to the purchases planned prior to the pandemic. The purpose of the purchases was to keep general interest rates low and facilitate credit supply. The purchases in 2022 were aimed at compensating for securities that matured. As of 2023, no further purchases will be made.
The Riksbank’s purchases concerned covered bonds (mortgage bonds) issued in Swedish kronor by Swedish credit institutions with maturities of more than one year.
Like the purchases of government bonds, the purchases of covered bonds was made on the secondary market. Participants that were allowed in these auctions were the Riksbank’s monetary policy counterparties. More detailed information can be found in the documents under “Related content” below.
The first purchase of covered bonds was made on 25 March 2020.
Holdings of covered bonds
Here we present the Riksbank’s total holdings of covered bonds. The holdings are the net total of covered bonds purchased, which is to say the total sum of bonds purchased, minus bonds that have fallen due at that point in time. The holdings are reported in nominal terms and are based on the transaction date for the Riksbank's purchase of the bonds.
See also: List of transactions for purchases of covered bonds
Holdings of covered bonds
Purchases of covered bonds
Here, we present the Riksbank’s total purchases of covered bonds. By 31 December 2022, the Riksbank had purchased corporate bonds for SEK 465 billion.
Purchases of covered bonds
The Riksbank’s total holdings of securities
The page Securities holdings in SEK shows the Riksbank’s total holdings of securities.
Thanks for your feedback!
Your comment could not be sent, please try again later
Questions? Visit our FAQ on kundo.se (opens i new window).