Debt securities, 2013

National

Until 2006, the statistics were published quarterly and annually. From 2007 to 2010 it was published monthly with additional information each half year and annually. From 2010 the statistics has been published quarterly with additional information about long-term debt securities each year.The statistics are generally published 5 weeks after the end of the statistics period, exept the annual report, which is published in May.

Not relevant

The time series are stored in a database solution.

The purpose of these statistics is to provide figures for the national accounts and for the supervision of the credit market and to publish relevant statistics of the securities market. Figures for outstanding amounts of long-term debt securities are available back to 1899. Figures for issues of long-term debt securities are available back to 1914. Historical figures on nominal yields are available back to 1900.Figures for short-term debt securities are available back to 1985. Figures for issues outside Norway by residents are available back to 1988. Up to 2006, only details of amounts were published. From 2007, the statistics has also included information about the number of issues, as a result of an adjustment to Norges Bank;s Bond and commercial paper statistics;. Norges Bank's publication of such statistics was terminated in 2007. Details of figures on numbers of issues of debt securities in Norway are available from 1998, while details of figures on numbers of issues abroad are available from 2001. Information about both nominal and market values for debt securities issued in Norway is available from 2012. Up to 2012, information about market values has been available for annual long-term debt security statistics only.

Financial Instruments Statistics, Credit Market Statistics, Credit Indicators and National Accounts

No external users have access to the statistics before they are published and accessible simultaneously for all users on ssb.no at 10 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar

The statistics is adjusted in accordance with the national accounts recommendations.

The Statistics Act § 2-2

Council regulation 2223/96

The statistics include data for all debt securities which are registered in the Norwegian Central Securities Depository, issued in Norway by residents and non-residents. Data for debt securities Issues abroad by residents are limited to debt securities which are reported to Statistics Norway.

The annual statistics contains tables with figures on annual issues, payments, redemptions, average nominal yield, outstanding amounts and changes in outstanding amounts causec by changes in sector classification, exchanged rates etc.

In addition, two annual overviews of all single, outstanding amounts are provided; one with information about long-term security issuers' changes in name and sector classification and one with information about securitiy numbers, yield, year of issue and redemption, type of guarantee and whether long-term debt securities issued are share indexed bond, convertible bonds, bonds with warrants, Payments In Kind or other long-term debt securities.

Data Sources

Domestic borrowing: The Norwegian Central Securities Depository (VPS) and Norwegian Trustee.

Issues outside Norway by residents: Forms (RA-0622) contending details from issuers sent to Statistics Norway.

Full sample

Data Collection:

Domestic borrowing: Figures are transferred monthly from the Norwegian Central Securities Depository and yearly from Norwegian Trustee to Statistics Norway.

Issues outside Norway by residents: Forms contending details from issuers are sent by the issuers monthly to Statistics Norway

Editing and estimations

Issues and outstanding amounts of debt securities are controlled by Statistics Norway by use of information from the Central Register of Establishments and Enterprises.Figures from the Central Register of Establishments and Enterprises are co-ordinated with figures from Norwegian Trustee. In addition, the figures for outstanding debt are co-ordinated with the annual accounting statistics. Details of debt securities issued by residents abroad are also controlled against data reported to the BIS and other national and international registers.

The average nominal yield is estimated by weighting the yield with outstanding amounts and applying the nominal interest rate as at 31 December. A weighted average issue interest rate is also estimated using the original rate at the date of issue.

Not relevant

Data collected on behalf of three or fewer units will not be published

The periodic distribution of amounts in the statistics bank up to 2006 is based on details of the date when loans were approved, while the periodic distribution of amounts from 2007 is based on details of the issue date.

The introduction of a new sector standard from 2012 has led to a shift in time series belonging to the statistics. New tables have been added that include time series from the first quarter of 2012 and onwards.Tables with old sector classfication are not updated after 2012 except old "StatBank" tables which are updated with figures for the first quarter of 2012.

One significant consequence of the new sector classification from 2012 was a reorganisation and creation of new sectors for households (Housing cooperatives etc.) and financial corporations (Other financial enterprises, except insurance companies and pension funds, Financial holding companies and Investment trusts and private equity funds). Investment and finance companies and private equity funds that were previously classed as non-financial companies are from 2012 defined as financial institutions. This led to a moderate growth of the sector 'Financial corporations’

Otherwise, time series breaks may exist due to access to new information, alterations in the legal framework and in the registration rules of the Norwegian Central Securities Depository. Statistics published from 3rd quarter 2013 and onwards are inclusive new information about bonds and commercial papers issued by Norwegian entities abroad. The tables are updated with figures for these new data from 2012.