Euro Area securities issues statistics: April 2009

The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 12.1% in April 2009, compared with 12.0% in March. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate increased from 1.5% in March 2009 to 1.7% in April.

New issuance of debt securities by euro area residents totalled EUR 1,243 billion in April 2009 (see Table 1 and Chart 1). As redemptions came to EUR 1,137 billion, net issues amounted to EUR 106 billion (see Table 1). The annual growth rate of outstanding debt securities issued by euro area residents was 12.1% in April 2009, compared with 12.0% in March (see Table 1 and Chart 3)

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations increased from 8.9% in March 2009 to 9.9% in April (see Table 2 and Chart 4).

For the monetary financial institutions (MFIs) sector, this growth rate was 6.4% in April 2009, compared with 6.5% in March. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 31.1% in March 2009 to 30.6% in April. For the general government, this growth rate increased from 12.1% in March 2009 to 12.5% in April.

As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities increased from 23.9% in March 2009 to 27.9% in April (see Table 1 and Chart 3). The annual growth rate of outstanding short-term debt securities issued by MFIs increased from 11.7% to 13.8% during the same period (see Table 2). For long-term debt securities, the annual growth rate decreased from 10.5% in March 2009 to 10.1% in April. The annual growth rate of outstanding long-term debt securities issued by MFIs decreased from 5.6% to 5.0% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities was 8.5% in April 2009, compared with 8.4% in March. The annual growth rate of outstanding variable rate long-term debt securities decreased from 16.6% in March 2009 to 14.9% in April.

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was 13.0% in April 2009, compared with 12.9% in March. For debt securities in other currencies, this growth rate decreased from 4.6% in March 2009 to 4.2% in April (see Table 1).

The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents decreased from 12.3% in March 2009 to 11.7% in April (see Table 3 and Chart 5).

New issuance of quoted shares by euro area residents totalled EUR 3.7 billion in April 2009 (see Table 4). As redemptions came to EUR 0.3 billion, net issues amounted to EUR 3.4 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) increased from 1.5% in March 2009 to 1.7% in April (see Table 4 and Chart 6). The annual growth rate of quoted shares issued by non-financial corporations was 0.5% in April 2009, compared with 0.4% in March. For monetary financial institutions, it increased from 8.0% in March 2009 to 8.2% in April. For financial corporations other than MFIs, this growth rate was 3.4% in April 2009, compared with 3.3% in March.

The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,436 billion at the end of April 2009. Compared with EUR 5,748 billion at the end of April 2008, this represents an annual decrease of 40.2% in the value of the stock of quoted shares in April 2009, compared with an annual decrease of 45.9% in March, mainly due to market valuation changes.

Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for April 2009, this press release incorporates minor revisions to the data for previous periods. A complete set of updated securities issues statistics is available on the "Money, banking and financial markets" pages of the "Statistics" section of the ECB's website (http://www.ecb.europa.eu/stats/money/securities/html/index.en.html).

These data, as well as euro area data in accordance with the composition of the euro area at the time of the reference period, can be downloaded using the ECB's Statistical Data Warehouse (SDW).

Data for the period up to April 2009 will also be published in the July 2009 issues of the ECB's Monthly Bulletin and Statistics Pocket Book. The next press release on euro area securities issues will be published on 15 July 2009.