June 29, 2020 / 6:48 AM / 6 days ago

Norway to reduce government bond issues

OSLO, June 29 (Reuters) - Norway’s central bank has reduced its planned issues of government bonds this year to beween 70 billion and 75 billion crowns ($7.25 billion-$7.77 billion) from 70 billion-85 billion crowns seen in March, it said on Monday.

In its original plan for the year, presented in December and thus before the COVID-19 outbreak, the government scheduled bond auctions worth 55 billion crowns.

The bank added that “the uncertainty surrounding the government’s borrowing requirement is higher than normal”. [

$1 = 9.6535 Norwegian crowns Reporting by Gwladys Fouche, editing by Nerijus Adomaitis

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