Core Viewpoint - The Ministry of Finance and Economic Affairs has released the Medium-Term Debt Management Strategy (MTDS) for 2026–2030, outlining Treasury debt financing arrangements and management targets [1][3]. Debt Management Framework - The MTDS establishes a framework for Treasury borrowing and debt administration, aiming to meet government financing needs at the lowest cost while maintaining a prudent level of risk [2][3]. Debt Portfolio Structure - The Strategy details the current structure of the Treasury debt portfolio and introduces new criteria for loan distribution: non-indexed loans at 45%, index-linked loans at 40%, and foreign-denominated loans at 15%, reflecting a shift in Treasury debt composition [4][5]. Issuance Criteria - Updated criteria for the issuance of Government securities emphasize clear price formation for both index-linked and nominal bonds, with a minimum issuance size of ISK 50 billion for all maturities [5][6]. Maturity Management - The Strategy aims to keep the share of debt maturing within the next 24 months below 25%, with plans for annual bond issuance in international markets [6]. Information Disclosure - The MTDS includes provisions for information disclosure related to debt management, including an annual report on Government debt management to be published in the spring [6]. Annual Review - The Medium-Term Debt Management Strategy is based on the current fiscal strategy plan and is issued annually, covering a five-year horizon [7].