Debt securities, Q2 2007

In June 2007, 92 bond issues valued at NOK 21.6 billion and 92 issues of commercial papers valued at NOK 21.5 billion were registered in Norway. Norwegian entities issued 188 debt securities valued at NOK 66.7 billion abroad.

During the first half of 2007, 930 issues of debt securities valued at NOK 230.9 billion were registered in Norway, a decrease of 3.9 and 2 per cent respectively compared with the first half of 2006. The majority of issues in the first half of 2007 were issues of commercial papers (479), but issues of bonds represented the largest value (NOK 120.9 billion). In comparison, 51 per cent of the number of issues and 54 per cent of the value of issues in the first half of 2006 referred to bonds.

As in the first half of 2006, the largest number of issues (330) and the largest value (NOK 55.7 billion) of debt securities were by commercial and savings banks. Private companies accounted for the second largest number of issues (185) and value (NOK 51.5 billion).

At the end of June 2007, domestic bond debt amounted to NOK 729.5 billion and domestic commercial paper debt NOK 106.3 billion, compared with NOK 657.9 billion and NOK 120.9 billion at the end of June 2006.

The majority of Norwegian residents’ issues of debt securities are made abroad. In the first half of 2007, Norwegian entities issued 1 147 commercial papers valued at NOK 343.0 billion abroad. This represents no change in the number of issues compared with the first half of 2006, but the value of the issues was 20.5 per cent lower than in the first half of 2006. The major part of these issues refer to commercial and savings banks and ‘other financial corporations’.

Tables:

• Table 1 Gross issues of bonds and short-term securities per month. Number of issues and nominal value of issues in NOK million
• Table 2 Bonds issued in Norway. Nominal value. NOK million
• Table 3 Domestic bond debts. Nominal value. NOK million
• Table 4 Commercial papers issued in Norway. Nominal value. NOK million
• Table 5 Domestic commercial papers debt. Nominal value. NOK million
• Table 6 Bonds and short-term securities issued by Norwegians abroad. Nominal value. NOK million
• Table 7 Issues of bonds in Norway. Number and nominal value. NOK million
• Table 8 Issues of commercial papers in Norway. Number and nominal value. NOK million
• Table 9 Bonds and short-term securities issued abroad by issuing sector. Number of issues and nominal value of issued. NOK million