ENP Newswire - 16 June 2014
Release date- 12062014 - Trends in Market-based Financing of all Irish-resident Entities.
The outstanding amount of debt securities issued by Irish firms, and by the Government sector was EUR855.9 billion at end-April 2014, a decrease of 7 per cent year-on-year. The outstanding amount of debt securities issued by euro area residents decreased by 1 per cent.
Market-based debt financing for the banking sector stood at EUR70.8 billion in April 2014, a decrease of 11 per cent year-on-year.
Equity shares had an outstanding value of almost EUR285.8 billion at end-April. Quoted shares (EUR285.5 billion), which are predominant in the equity category, saw a year-on-year increase of 30 per cent. The value of the stock of quoted shares issued by euro area residents increased by close to 23 per cent.
Market-based debt financing for the banking sector increased by almost EUR400 million in April 2014 (compared to a decrease of EUR1.6 billion in March). This increase primarily reflected net issuance of short-term debt securities.
EUR27.4 billion (or 39 per cent) of the total debt securities issued by the banking sector will fall due within the next 12 months.
Since April 2013, the outstanding amount of debt securities for this sector has decreased by 11 per cent to EUR70.8 billion with short-term debt contracting by 23 per cent (Chart 1 and 2). Over the past 12 months, the total outstanding amount of debt securities for this sector across the euro area decreased by close to 8 per cent.
The market value of equity securities in the banking sector saw a year-on year increase of 24 per cent to EUR21.4 billion (Chart 3). This increase is primarily as a result of valuation changes.
The outstanding amount of debt securities issued by non-financial corporations (NFC) increased to almost EUR7.9 billion in April 2014 (Table 1).
Approximately EUR1.2 billion (or 16 per cent) of the total debt securities issued by NFCs will fall due within the next 12 months.
In April 2014, the value of the quoted shares issued by the NFC sector decreased from EUR251 billion to EUR240 billion. This still represented a year-on-year increase of 28 per cent (Chart 4). The annual percentage change in market capitalisation for NFCs in the euro area was approximately 20 per cent.
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.
 As per compilation methodology utilised by the Central Bank of Ireland