Quarterly Review 1/2021 and auction calendar for Q2 published

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

, Updated 31.3.2021 at 14:21