News Column

Central Bank of Ireland-Statistics on securities issues of Irish resident entities: December 2013

February 13, 2014



ENP Newswire - 13 February 2014

Release date- 12022014 - The outstanding amount of debt securities issued by Irish financial and non-financial firms, and by the Government sector was EUR867 billion at end-December 2013, a decrease of 5 per cent year-on-year.

The outstanding amount of debt securities issued by euro area residents decreased by approximately one per cent.

The outstanding amount of long-term Government debt securities stood at just over EUR111 billion, an increase of 26 per cent year-on-year.

Market-based debt financing for the banking sector stood at EUR68.9 billion in December 2013, a decrease of 18 per cent year-on-year.

Equity shares had an outstanding value of almost EUR271.5 billion at end-December. This includes quoted shares (EUR271.2 billion) which saw a year-on-year net increase of 31 per cent. The value of the stock of quoted shares issued by euro area residents increased by approximately 24 per cent.

Government Debt Issuance

Long-term Government debt securities stood at approximately EUR111.1 billion in December 2013, an increase of 26 per cent when compared with December 2012 (EUR87.9 billion).

Approximately EUR16.6 billion (or 15 per cent) of the euro-denominated long-term debt will fall due over the next 3 years (see Table 1).

Banking Sector

Market-based debt financing for the banking sector decreased by almost EUR2.8 billion in December 2013, compared to net issuance of EUR4.6 billion in the preceding month. This decrease reflected net redemptions of short-term debt securities.

Approximately EUR16.7 billion (or 24 per cent) of the total debt securities issued by the banking sector will fall due within the next 12 months.

Since December 2012, the outstanding amount of debt securities for this sector has decreased by 18 per cent to EUR68.9 billion with short-term debt contracting by 45 per cent (Chart 1 & 2). Over the past 12 months, the total outstanding amount of debt securities for this sector across the euro area decreased by approximately 9 per cent.

The outstanding amount of the banking sector's equity securities saw a year-on year increase of 27 per cent to EUR19.9 billion (Chart 3). This increase is primarily as a result of valuation changes.

Non-Financial Corporations

The outstanding amount of debt securities issued by non-financial corporations (NFC) in December 2013 remained unchanged since the previous month at just over EUR6.9 billion.

Approximately EUR272 million (or 4 per cent) of the total debt securities issued by NFCs will fall due within the next 12 months.

In December 2013, the value of the quoted shares outstanding for the NFC sector increased by 2 per cent to EUR234 billion. This represented a year-on-year increase of 32 per cent (Chart 4). The annual percentage change in market capitalisation for NFCs in the euro area was approximately 21 per cent.

Notes:

Detailed tables can be found on the Central Bank of Ireland's website here. The data are largely compiled from an ESCB securities reference database, the Centralised Securities Database. The statistics are based on Irish resident sectors issuances of securities where an ISIN[1] code is assigned, irrespective of the market of issue or listing. Non-ISIN information is also provided for monetary financial institutions.

Debt securities are broken down according to their original maturity and coupon type. Equity securities are classified into quoted and unquoted securities excluding investment fund shares/units.

The difference between month-on-month equity stocks reflects valuation changes transactions in addition to transactions and other adjustments, for example, reclassifications and corrections.

The data reflect revisions arising from data quality management activities performed by the Bank, which contribute to improvements in the data.

Euro area figures are sourced from the ECB's Euro Area Securities Issues Statistics monthly publication.

The methodological notes guiding the compilation of these statistics can be found on the ECB's website at http://www.ecb.europa.eu/stats/money/securities/html/index.en.html.

[1] An ISIN code is a unique identifier assigned to an individual security.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools