Continuous growth of security debts
In the 4th quarter of 2015, considerable values were registered for new debt securities issued by Norwegian entities. Norwegian entities’ outstanding debt from securities rose by 5 per cent during 2015 in spite of redemptions at the end of the year.
|Long-term debt securities issued in Norway||Short-term debt securities issued in Norway||Debt securities issued abroad|
|December 2015||67||21 830||77||27 352||43||20 411|
|November 2015||72||27 322||108||19 052||72||46 856|
|October 2015||75||34 672||100||28 591||130||119 674|
|September 2015||91||28 633||129||37 473||67||67 185|
|August 2015||63||20 723||79||17 102||89||36 689|
|July 2015||37||12 678||47||7 651||65||47 016|
|June 2015||101||37 572||96||36 506||87||37 680|
|May 2015||83||35 230||84||18 140||96||64 110|
|April 2015||66||22 488||77||18 383||67||60 035|
|March 2015||90||47 606||120||35 615||125||73 646|
|February 2015||70||32 510||84||17 147||101||89 570|
|January 2015||67||29 518||80||24 437||95||68 353|
|December 2014||66||20 310||84||26 462||58||21 201|
The nominal value of outstanding amounts from debt securities referring to issues in Norway amounted to NOK 1 899 billion at the end of December 2015. This is a growth of 1 per cent compared to the end of December 2014. Eighty-seven per cent of the outstanding amounts from debt securities issued in Norway referred to Norwegian issuers.
Growth in Norwegian entities’ security debts abroad in spite of redemptions
At the end of December 2015, outstanding amounts from debt securities issued by Norwegian entities abroad amounted to NOK 1 837 billion; a growth of 8 per cent during 2015. While a major part of debt securities in Norway are issued in NOK, debt securities are issued by Norwegian entities abroad in other currencies. Depreciation of the NOK had an impact on these debts, particularly those in USD, EUR, GBP and JPY, which led to the growth in spite of large redemptions at the end of the year.
Stable market shares of domestic debts
The largest share of the outstanding amounts from debt securities issued in Norway, 42 per cent, referred to financial corporations. The second largest share of the debts, 29 per cent, referred to the general government.
Changes in market values of outstanding amounts
While the average market value of outstanding amounts from issues of long-term debt securities in Norway was 2.5 per cent higher than the face value at the end of 2014, the corresponding increase at the end of 2015 was just 0.4 per cent. In the same period, the market value of outstanding amounts from issues of short-term debt securities in Norway rose from 0.4 per cent to 0.1 per cent below the face value.
Large volumes of new debt securities in the 4th quarter of 2015
In Norway, 285 issues of long-term securities and 159 issues of short-term securities valued at NOK 159 billion were registered in the 4th quarter of 2015. The major part of the issues in Norway, i.e. NOK 84 billion, related to long-term debt securities.
Compared to the 4th quarter of 2014, the number and amount of issues in Norway rose by 1 per cent and 15 per cent respectively. This is due to an increase in issues by banks and financial corporations other than banks. In the same period, Norwegian entities also issued 245 debt securities abroad, valued at NOK 187 billion. Compared to the 4th quarter of 2014, the number of issues was at the same level, while the amount of the issues rose by 12 per cent.
Considerable changes in market shares of issues abroad
The share of the volume of issues by the general government abroad was reduced from 27 per cent in the 4th quarter of 2014 to 12 per cent in the 4th quarter of 2015. However, the share of the volume of issues by banks rose from 50 per cent to 68 per cent in the same period.
Increase in rest of the world’s share of new debt securities in Norway
The share of the volume of issues by the general government in Norway was reduced from 47 per cent in the 4th quarter of 2014 to 46 per cent in the 4th quarter of 2015. In the same period, financial corporations’ share of the volume of issues rose from 25 per cent to 33 per cent. The share of the volume for the rest of the world was reduced from 8 per cent to just four per cent at the end of 2015.
The statistics is now published as Securities.