Debt securities, Q2 2003

During the second quarter of 2003 the total amount of bond issues in Norway was NOK 35.2 billion, an increase of NOK 4 billion, or 13 per cent from 2 quarter last year. Commercial banks issued NOK 4.6 billion worth of bonds, a decrease of NOK 1.7 billion, or 27 per cent compared with the second quarter 2002. Saving banks issued NOK 12.2 billion, which represents 35 per cent of the total bond issues this quarter. Private companies issued NOK 4.8 billion, an increase of NOK 3 billion from 2 Quarter 2002.

Domestic bond debt at the end of the 2 quarter 2003 was NOK 512.8 billion. This is an increase in outstanding debt of NOK 57.2 billion, or 13.3 per cent compared with the 2 quarter 2002. The Central government debt by NOK 144.8 billion represents 28 per cent of the total outstanding debt.

Issues of commercial papers decreased by 27 per cent

Issues of commercial papers decreased by NOK 26 billion, or 27 per cent compared with the 2 quarter 2002. During the 2 quarter 2002 the total amount of commercial paper issues in Norway was NOK 69.8 billion. The issues of commercial papers at the same time last year amounted to NOK 95.8 billion. The Central government issues increased by NOK 10.5 billion, or 81 per cent compared with the corresponding period 2002. Except from counties and municipalities, other sectors decreased strongly.

Domestic debt at the end of the 2 quarter 2003 was NOK 139.6 billion compared with NOK 132.4 billion in the corresponding period in 2002, a decrease of 5 per cent.

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 Bank of Norway.

The statistics show that issues during the 2 quarter 2003 amounted to NOK 86.1 billion. Mortgage companies are the largest borrowers in the foreign market, with NOK 67.5 billion.

Tables

Published tables