Debt securities, Q2 2001

During the first six months of 2001 the total amount of bond issues in Norway was NOK 44.8 billion. Outstanding bond dept at 30 June 2001 was NOK 419.4 billion. This is an increase in outstanding debt of NOK 32.5 billion, or 8 per cent compared with the same period the year before. The total amount of issues increased by NOK 3.5 billion, or 8.5 per cent from June last year. Central government issued NOK 8 billion worth of bonds during the first six months and commercial banks issued NOK 9.4 billion. Savings banks issued of NOK 11.6 billion worth of bonds. Private companies issued NOK 4.4 billion worth of bonds. These are the largest bond lenders with 74 per cent of the total amount of dept at 30 June 2001. The strongest increase occurred by Municipalities with NOK 2.1 billion, or 162 per cent compared to the same period last year.

Issues of commercial papers increased by 37 per cent

Issues of commercial papers increased by NOK 47.9 billion or 37 per cent compared with the same period last year. During the first six months of 2001 the total amount of commercial paper issues in Norway was NOK 176.8 billion. With comparison the issues of commercial papers at the same period last year was NOK 128.9 billion. Outstanding debt at the end of June 2001 was NOK 124.3 billion compared with NOK 102 billion the same period 2000. Savings banks issued of NOK 46.5 billion worth of bonds, which is 26 per cent of the total amount of commercial paper issues. Central government issued NOK 29 billion, while commercial banks issued NOK 33.6 billion worth of commercial papers.

Issues abroad in NOK and foreign currency

Statistics on issues of bonds and commercial papers offered abroad in NOK and foreign currency are obtained from The Norwegian Central Bank. From the first quarter of 2001 special ECP and USCP programs are included. The statistics show that issues during the first quarter of 2001 was NOK 235.2 billion. Mortgage companies are the largest borrowers in the foreign market, with NOK 201.9 billion, 86 per cent of the total issue volume.

Tables:

• Table 1 Commercial papers issued in Norway. 2. quarter 2000 og 2001. Nominal value. Million krones
• Table 2 Domestic commercial papers depts. 2. quarter 2000-2. quarter 2001. Nominal value. Million krones
• Table 3 Bonds issued in Norway. 2. quarter 2000 og 2001. Nominal value. Million krones
• Table 4 Domestic bond depts. 2.quarter 2000-2.quarter 2001. Nominal value. Million krones
• Table 5 Effective interest rates on bonds. 2. quarter 2000 og 2001. Percent p.a.
• Table 6 Effective interest rates on commercial papers issued by the central government. 2. quarter 2000 and 2001. Percent p.a.
• Table 7 Issues of bonds and commercial papers by Norwegians abroud. 2. kvartal 2000 og 2001. Million Norwegian krones