Debt securities, 2009

In 2009, bonds were issued for NOK 492.2 billion in Norway. Compared with 2008, the value of the issues of bonds increased by 72 per cent.

Considerable issues by mortgage companies

By groups of issuers, mortgage companies dominated the market with NOK 213.8 billion, which is more than twice the amount of their issues in 2008. Their debt rose by 140 per cent in 2009, and their part of the domestic bond debt in total was 14 per cent and 25 per cent at the end of 2008 and 2009 respectively. A considerable share of the issues referred to covered bonds that were exchanged with government securities according to an authorisation from the Norwegian parliament to the Ministry of Finance in October 2008. The administrator of such swap arrangements, Norges Bank, completed 20 arrangements in 2009, and covered bonds were swapped for government securities for a total amount of NOK 188 billion.

No change in banks and rest of the world’s parts of bond debt despite high values of issues

The second largest amount of bond issues in 2009, NOK 114.1 billion, referred to banks. Compared with 2008, the value of their issues rose by 13 per cent. The third largest amount of issues, NOK 58.3 billion, referred to rest of the world. The amount of their issues was 72 per cent higher in 2009 than in 2008, but still not at the same level as the amount of issues in 2007. The debts of banks and rest of the world rose by 26 per cent and 18 per cent respectively in 2009. Their parts of the domestic bond debt were at the same level at the end of 2009 as at the end of the previous year; 28 per cent and 13 per cent respectively.

Non-financial corporations issued bonds for NOK 50.6 billion in 2009. This is triple the amount of issues than the amount in 2008, but still not at the same level as the amount of issues in 2007. Their debt rose by 6 per cent in 2009, and their part of the domestic bond debt at the end of 2008 and 2009 was 13 per cent and 16 per cent respectively.

Growing market

The market value of the domestic bond debt rose from 95 per cent of the nominal value at the end of 2008 to 99 per cent of the nominal value at the end of 2009.

Tables:

• Table 1 Domestic bond debts, 31 December 2008 and 2009. Issues, payments and other changes (gross), by issuing sector. Nominal value. NOK million
• Table 2 Domestic bond debts, by issuing sector. Nominal value and weighted nominal interest rate. 31 December 2007, 2008 and 2009. NOK million and per cent
• Table 3 Domestic bond issues, by issuing sector and weighted nominal interest rates. 2007, 2008 and 2009. NOK million and per cent
• Table 4 Domestic bond debts, by issuing sector. 31 December 2000-31 December 2009. Nominal value. NOK million
• Table 5 Domestic bond debts, by issuing sector. 31 December 2000-31 December 2009. Market value. NOK million
• Table 6 Issues of bonds in Norway, by issuing sector. 31 December 2000-31 December 2009. Nominal value. NOK million
• Table 7 Bonds issued in Norway per 31 December 2009. Sorted by ISIN
• Table 8 Bonds issued in Norway per 31 December 2009. Sorted by issuer's name
• Table 9 Bonds with changes in issuer name, sector or organisation number since 2008