Euro area securities issues statistics: August 2020

12 October 2020

• The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 7.3% in July 2020 to 7.7% in August.
• For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.3% in August 2020, compared with 0.1% in July.

Debt securities

New issuance of debt securities by euro area residents totalled EUR 545.1 billion in August 2020. Redemptions amounted to EUR 443.7 billion and net issues to EUR 101.4 billion. The annual growth rate of outstanding debt securities issued by euro area residents increased from 7.3% in July 2020 to 7.7% in August.

Data for debt securities

Breakdown by maturity

The annual growth rate of outstanding short-term debt securities decreased from 22.9% in July 2020 to 20.4% in August. For long-term debt securities, the annual growth rate increased from 6.0% in July 2020 to 6.6% in August. The annual growth rate of outstanding fixed rate long-term debt securities increased from 6.9% in July 2020 to 7.5% in August. The annual rate of change of outstanding variable rate long-term debt securities increased from -0.1% in July 2020 to 0.2% in August.

Data for breakdown by maturity

Breakdown by sector

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations was 12.1% in August 2020, compared with 12.0% in July. For the monetary financial institutions (MFIs) sector, this growth rate decreased from 3.1% in July 2020 to 2.8% in August. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 4.1% in July 2020 to 4.5% in August. For the general government, this growth rate increased from 10.1% in July 2020 to 10.9% in August.

The annual rate of change of outstanding short-term debt securities issued by MFIs decreased from -9.3% in July 2020 to -12.5% in August. The annual growth rate of outstanding long-term debt securities issued by MFIs was 5.2% in August 2020, compared with 5.0% in July.

Data for breakdown by sector

Breakdown by currency

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 8.6% in July 2020 to 9.1% in August. For debt securities in other currencies, this rate of change was -0.3% in August 2020, compared with -0.1% in July.

Data for breakdown by currency

Listed shares

New issuance of listed shares by euro area residents totalled EUR 12.4 billion in August 2020. Redemptions amounted to EUR 1.0 billion and net issues to EUR 11.4 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) was 0.3% in August 2020, compared with 0.1% in July. The annual growth rate of listed shares issued by non-financial corporations was 0.3% in August 2020, compared with 0.1% in July. For MFIs, the corresponding rate of change was -0.1% in August 2020, compared with -0.3% in July. For financial corporations other than MFIs, this growth rate was 0.5% in August 2020, compared with 0.3% in July.

The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 7,726.8 billion at the end of August 2020. Compared with EUR 7,849.5 billion at the end of August 2019, this represents an annual decrease of -1.6% in the value of the stock of listed shares in August 2020, up from -6.9% in July.

Data for listed shares

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Notes:

• Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for August 2020, this statistical release incorporates minor revisions to the data for previous periods. The annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes which do not arise from transactions.
• Hyperlinks in the main body of the statistical release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
• The next statistical release on euro area securities issues will be published on 11 November 2020.