Re-lending and Government-Guaranteed Entities
|
 |
|
|
Government Debt Management is responsible for government loan guarantees and re-lending to a number of companies. Most government loan guarantees and re-lending are to government-owned companies involved in large infrastructure projects.
Government loan guarantees or re-lending enable the companies to achieve favourable borrowing terms, since they can benefit from the central government's high credit standing.
General guidelines have been established for the companies' activities in the credit markets. The aim is to ensure that the companies do not assume financial risks that the central government itself will not assume.
The guidelines for borrowing by the companies are stated in a set of agreements comprising two main elements:
- An agreement between the ministry in question, The Ministry of Finance, Danmarks Nationalbank and the individual company
- A list of acceptable loan types, which is issued and updated by Government Debt Management.
It is the responsibility of the companies to comply with legislation and rules concerning financial management
| Re-lending and Government loan gaurantees to government-owned companies |
| Kr. billion | Re-lending, End-2012 | Guarantees,
End-2012 |
| The Danish Broadcasting Corporation | 3.5 | 0.9 |
| The Danish North Sea Fund | 0.0 | * |
| The Danish State Railways | * | 5.9 |
| Eksport Kredit Fonden | 10.5 | * |
| Energinet.dk | 11.9 | * |
| The Financial Stability Company | 13.5 | * |
| Femern Belt | 0.8 | 0.0 |
| Femern Landworks | 0.2 | 0.0 |
| The Great Belt Bridge | 13.4 | 13.0 |
| The Metro Company | 2.9 | * |
| The Port and City Development Corporation | 11.6 | * |
| Statens Serum Institut | 0.4 | * |
| Sund & Bælt Holding | 0.4 | 0.0 |
| Øresund Landworks | 8.8 | 2.6 |
| Øresundsbro Konsortiet (The Øresund Bridge) | * | 18.2 |
| Total | 77.9 | 40.6 |
*Does not have access to this loan type.
| Re-lending to Danish Ship Finance |
| Kr. billion | Re-lending, End-2012 |
| Danish Ship Finance | 8.9 |
|
