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92662
Fewer issues in spite of high debts
statistikk
2013-05-16T10:00:00.000Z
Banking and financial markets
en
obligasjoner, Debt securities, share issues, bonded debt, bonds, commercial paper debt, securities debtSecurities markets , Banking and financial markets
false

Debt securities, Q1 2013

Variants of the statistics:

In May 2016, the Debt securities statistics were merged with the statistics for Securities registered with the Norwegian Central Securities Depository. The new merged statistics are known as the Securities statistics.

Content

Published:

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Fewer issues in spite of high debts

A reduction in issues of bond and commercial papers in Norway as well as a decrease in Norwegian entities’ issues abroad has been registered in the 1st quarter of 2013 in spite of a continued high value of outstanding debt.

Gross issues of bonds and short-term securities. Number of issues and nominal value of issues in NOK millionPublished 16 May 2013
Bonds issued in NorwayShort-term paper issued in NorwayDebt securities abroad
NumberAmountNumberAmountNumberAmount
 
March 20139434 02611080 02512172 296
February 201310131 6738617 10413162 881
January 201310358 7268518 04713488 900
December 20129124 9987091 8288437 738
November 201212338 54510321 17910190 567
October 20127531 9078721 22810956 235
September 201210834 86711485 7809948 597
August 20127323 2259518 57817597 596
July 20124211 1355412 37315282 217
June 20129635 366111113 28616091 083
May 20125924 8799221 17017983 953
April 20126113 5677316 734198119 494
March 20129440 76910488 305222130 310

Source: Statistics Norway

In Norway, 298 issues of bonds and 281 issues of commercial papers valued at NOK 239.6 billion were registered during the 1st quarter of 2013. Compared to the 1st quarter of 2012, the number of issues rose by 5 per cent, while the value was reduced by 10 per cent. Ninety-two per cent of the issues in the 1st quarter of 2013; NOK 221 billion, referred to issues by Norwegian entities. In the same period, Norwegian entities also issued 386 bonds and commercial papers valued at NOK 224.1 billion abroad. Compared to the 1st quarter of 2012, the number and value of such issues were reduced by 34 per cent and 42 per cent respectively.

Large amounts of issues in Norway refer to general government

In the 1st quarter of 2013, 59 per cent of the volume of issues in Norway; NOK 140.2 billion, referred to the general government. A considerable part of these issues still refer to rollover arrangements in which new treasury bills have replaced old treasury bills at their time of maturity. However, the volumes of such issues have been reduced. The second largest part of the issues; NOK 49.1 billion or 20 per cent, referred to financial corporations. NOK 31.4 billion, or 13 per cent, referred to non-financial corporations.

Considerable issues by financial corporations abroad

The major part of the volume of issues by Norwegian entities abroad, 79 per cent (NOK 177.5 billion), referred to financial corporations. The second largest part of the volume of such issues, NOK 46.6 billion, referred to non-financial corporations.

Continued growth in Norwegian entities’ outstanding debts

The nominal value of outstanding bond and short-term security debts referring to issues in Norway amounted to NOK 1 872 billion at the end of March 2013. This is an increase of 10 per cent compared to the end of March 2012. The largest part of the debts, 46 per cent, or NOK 858.1 billion, referred to financial corporations. The second largest part of the debts, 31 per cent, or NOK 585.9 billion, referred to the general government. The average market value of the domestic bond debt was 1.8 per cent higher than the nominal value, while the market value of the domestic commercial paper debt was 0.4 per cent lower than the nominal value.

The rest of the world’s share of outstanding bond and short-tem security debts in Norway hast increased. Eleven per cent of such debts in Norway, NOK 26.8 billion, referred to the rest of the world at the end of March 2013. This is an increase of 1 per cent compared to their share of the outstanding debts at the end of the 1st quarter of 2012. Eighty-nine per cent of the outstanding bond and short-term security debts in Norway; NOK 1 665 billion, referred to Norwegian borrowers at the end of March 2013. At the same time, Norwegian entities’ outstanding bond and short-term security debts abroad amounted to NOK 1 266 billion. As a result of this, Norwegian entities’ outstanding bond and short-term security debts in Norway and abroad amounted to NOK 2 931 billion at the end of March 2013. This is an increase of 3.2 per cent compared with the end of March last year.