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148472
Growth in debts despite moderate issues
statistikk
2014-02-13T10:00:00.000Z
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, Q4 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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Growth in debts despite moderate issues

The values of issues of bonds and commercial papers in Norway were moderate in the 4th quarter of 2013 compared with the 4th quarter of 2012. Otherwise, a growth in Norwegian entities’ outstanding debt was registered in the same period, mainly due to issues abroad.

Gross issues of bonds and short-term securities. Number of issues and nominal value of issues in NOK millionPublished 13 February 2014
Bonds issued in NorwayShort-term paper issued in NorwayDebt securities abroad
NumberAmountNumberAmountNumberAmount
 
December 201311130 4937254 4586325 324
November 201310435 7138616 566111111 814
October 20138733 8958219 15713872 682
September 201310632 1139478 53915792 262
August 20135618 3808417 90015367 888
July 20133616 7584912 90213864 318
June 201310031 0099970 34313461 418
May 20139846 8399021 0479787 116
April 20138837 8007422 74411957 770
March 20139434 02511080 02512473 116
February 201310131 6738617 10413364 054
January 201310358 7268518 04713689 954
December 20129124 9987091 8288437 738

Source: Statistics Norway

In Norway, 302 issues of bonds and 240 issues of commercial papers valued at NOK 177 billion were registered during the 4th quarter of 2013. Ninety-one per cent of the value of these issues referred to Norwegian entities. Compared to the 4th quarter of 2012, the number and amount of issues in Norway were reduced by 1 per cent and 17 per cent respectively. In the same period, Norwegian entities also issued 312 bonds and commercial papers abroad, valued at NOK 210 billion. Compared to the 4th quarter of 2012, the number and amount of issues rose by 6 per cent and 14 per cent respectively.

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

A major part of the volume of issues in Norway still refers to the general government, but their part of the volume was reduced from 60 per cent in the 4th quarter of 2012 to 48 per cent in the 4th quarter of 2013. This reduction is due to a decrease in amounts caused by rollovers/swap arrangements in which new treasury bills have replaced old treasury bills at their time of maturity. The second largest part of the issues; 28 per cent; referred to financial corporations. This is an increase of a total of 11 per cent compared to the corresponding share of issues in the 4th quarter of 2012. Sixteen per cent of the issues referred to non-financial corporations..

The major part of the volume of issues by Norwegian entities abroad, 59 per cent; 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 1 873 billion at the end of December 2013. This is an increase of 4 per cent compared to the end of December 2012. The largest part of the debts, 45 per cent, referred to financial corporations. The second largest part of the debts, 29 per cent, referred to the general government. The average market value of the domestic bond debt was 1.5 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 of the outstanding bond and short-term security debt from issues in Norway referred to Norwegian borrowers at the end of December 2013. At the same time, Norwegian entities’ outstanding bond and short-term security debts abroad amounted to NOK 1 479 billion. As a result of this, Norwegian entities’ outstanding bond and short-term security debts in Norway and abroad amounted to NOK 3 111 billion at the end of December 2013. This is an increase of 5 per cent compared with the end of December 2012.

Statistics updated as from 2012Open and readClose

Due to a non-response error which has been discovered, figures for Norwegian entities' issues abroad have been corrected in the statistics from 2012.