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