Confederation to increase funding in the money and capital market
Bern, 31.03.2020 - Over the course of this year, the Federal Finance Administration (FFA) will increase the outstanding volume of short-term money market instruments from around CHF 6 billion to CHF 12 billion. In addition, it will once again step up sales of its own Confederation bond holdings.
The FFA has revised its plans as regards funding in the money and capital market. The measures announced by the Federal Council to cushion the economic impact of the Covid-19 pandemic have increased the Confederation's short-term funding requirements. The extra expenditure will be financed by using the existing substantial liquidity and by raising additional funds. This also addresses the heightened uncertainty regarding the short-term trend of receipts.
The outstanding volume of money market debt register claims will now be increased from around CHF 6 billion to CHF 12 billion. The issuance calendar for Confederation bonds remains unchanged, with a planned issuance volume of CHF 2.5 billion. However, the FFA will once again step up sales of own tranches that have not yet been placed as a further measure to support liquidity in Confederation bond trading.
On 20 March 2020, the Federal Council announced a comprehensive package of measures, totalling CHF 32 billion, to cushion the economic impact of the Covid-19 pandemic. Together with the measures introduced on 13 March, this takes the total of available funds to over CHF 40 billion. Of this amount, CHF 20 billion is in the form of guarantees.
Address for enquiries
Philipp Rohr, Communications Officer,
Federal Finance Administration,
+41 58 465 16 06,
Federal Finance Administration