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109242
Increase in debts due to bond issues
statistikk
2013-08-15T10:00:00.000Z
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, Q2 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.

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Increase in debts due to bond issues

A moderate increase in issues of bonds and commercial papers has been registered in Norway from the 2nd quarter of 2012 to the 2nd quarter of 2013 due to issues of relatively large bonds. This led to a moderate growth in Norwegian entities’ outstanding debt in the same period.

Gross issues of bonds and short-term securities. Number of issues and nominal value of issues in NOK millionPublished 15 August 2013
Bonds issued in NorwayShort-term paper issued in NorwayDebt securities abroad
NumberAmountNumberAmountNumberAmount
 
June 201310031 0099970 34313461 418
May 20139846 8349021 0479586 663
April 20138837 8007422 74411454 585
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

Source: Statistics Norway

In Norway, 286 issues of bonds and 263 issues of commercial papers valued at NOK 230 billion were registered during the 2nd quarter of 2013. Compared to the 2nd quarter of 2012, the number and amount of issues rose by 12 per cent and 2 per cent respectively. Ninety-four per cent of the issues in the 2nd quarter of 2013, NOK 217 billion, referred to issues by Norwegian entities. In the same period, Norwegian entities also issued 343 bonds and commercial papers abroad, valued at NOK 203 billion. Compared to the 2nd quarter of 2012, the number and value of such issues were reduced by 36 per cent and 31 per cent respectively.

Decrease in issues by the general government and increase in other issues

Fifty-three per cent of the volume of issues in Norway in the 2nd quarter of 2013, NOK 121 billion, referred to the general government. This is a decrease of 16 per cent compared to their share of issues in the 2nd quarter last year. The second largest part of the issues; 25 per cent, or NOK 57 billion, referred to financial corporations. This is an increase of 15 per cent compared to the corresponding share of issues in the 2nd quarter of 2012. NOK 38 billion, or 17 per cent, referred to non-financial corporations, an increase of a total of 55 per cent compared to the corresponding share of issues in the 2nd quarter last year.

The major part of the volume of issues by Norwegian entities abroad, 71 per cent (NOK 143 billion), referred to 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 1 839 billion at the end of June 2013. This is an increase of 6 per cent compared to the end of June 2012. The largest part of the debts, 47 per cent, or NOK 858 billion, referred to financial corporations. The second largest part of the debts, 28.5 per cent, or NOK 525 billion, referred to the general government. The average market value of the domestic bond debt was 2.4 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.

Eighty-eight per cent, or NOK 1 626, of the outstanding bond and short-term security debt from issues in Norway referred to Norwegian borrowers at the end of June 2013. At the same time, Norwegian entities’ outstanding bond and short-term security debts abroad amounted to NOK 1 333 billion. As a result of this, Norwegian entities’ outstanding bond and short-term security debts in Norway and abroad amounted to NOK 2 959 billion at the end of June 2013. This is an increase of 0.6 per cent compared with the end of June last year.

A major part of such debt in Norway is raised in NOK, while a major part of Norwegian entities’ bond and short-term security debts abroad is raised in EUR, USD, GBP or JPY, or other currencies to some extent. A total of 39 per cent of Norwegian entities’ bond and commercial paper debts in Norway and abroad fall due within a period of two years.