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Press release September 20, 2023

SEK’s credit facility with the Swedish National Debt Office

Swedish Export Credit Corporation (SEK) has a credit facility with the National Debt Office. For 2024, the Government proposes that the credit facility should amount to Skr 125 billion (175). The credit facility shall function as a reserve to be used when the funding marketa are not available and when the demand for financing from the export industry is particularly high.

During the covid-19 pandemic, the credit facility was expanded from Skr 125 billion to Skr 200 billion, and was reduced to Skr 175 billion for 2022 after the acute phase of the pandemic. For 2024, the amount is adjusted to the level that applied before the pandemic. The proposal has no material impact on SEK and SEK’s balance sheet continues to be match-funded.

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