The National Bank of Denmark published new securities statistics on who owns Danish government debt securities denominated in kroner, covering February 2026. The data show the insurance and pension sector holds DKK 275 billion, representing a 48% ownership share and concentrated in long-term bonds, while foreign investors hold DKK 182 billion, equivalent to 32% of outstanding krone-denominated government debt securities. The new dataset adds detail including the ability to identify investments in green government bonds and to measure holdings of households and the insurance and pension sector after adjusting for indirect ownership through investment funds. It also shows the insurance and pension sector owns the majority of government debt securities with a remaining maturity of more than 10 years; figures are nominal holdings and cover both government bonds and Treasury bills, and are available in the StatBank.
National Bank of Denmark 2026-03-27
National Bank of Denmark publishes new ownership data showing insurance and pension sector holds 48% of Danish krone government debt securities
The National Bank of Denmark released securities statistics for February 2026, revealing that the insurance and pension sector holds DKK 275 billion, or 48%, of Danish government debt securities, primarily in long-term bonds. Foreign investors hold DKK 182 billion, representing 32% of the total. The dataset includes details on green government bonds and adjusts for indirect ownership through investment funds.