Euro area securities issues statistics: November 2021

12 January 2022

• The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 4.2% in October 2021 to 4.9% in November.
• For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 2.0% in November 2021, compared with 2.2% in October.

Debt securities

New issuances of debt securities by euro area residents totalled EUR 694.1 billion in November 2021. Redemptions amounted to EUR 578.0 billion and hence net issues to EUR 116.1 billion. The annual growth rate of outstanding debt securities issued by euro area residents increased from 4.2% in October 2021 to 4.9% in November.

Data for debt securities

Breakdown by maturity

The annual rate of change of outstanding short-term debt securities was -8.1% in November 2021, compared with -9.0% in October. For long-term debt securities, the annual growth rate increased from 5.5% in October 2021 to 6.2% in November. The annual growth rate of outstanding fixed rate long-term debt securities increased from 6.1% in October 2021 to 7.0% in November. The annual growth rate of outstanding variable rate long-term debt securities increased from 1.8% in October 2021 to 2.2% in November.

Data for breakdown by maturity

Breakdown by sector

As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations increased from 4.0% in October 2021 to 4.8% in November. For the monetary financial institutions (MFIs) sector, this growth rate increased from 1.4% in October 2021 to 2.2% in November. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 4.8% in October 2021 to 6.3% in November. For the general government, this growth rate increased from 5.3% in October 2021 to 5.7% in November.

The annual rate of change of outstanding short-term debt securities issued by MFIs was -2.6% in November 2021, compared with -5.6% in October. The annual growth rate of outstanding long-term debt securities issued by MFIs increased from 2.3% in October 2021 to 2.8% in November.

Data for breakdown by sector

Breakdown by currency

Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 4.8% in October 2021 to 5.5% in November. For debt securities denominated in other currencies, this growth rate increased from 0.4% in October 2021 to 1.3% in November.

Data for breakdown by currency

Listed shares

New issuances of listed shares by euro area residents totalled EUR 11.2 billion in November 2021. Redemptions amounted to EUR 8.3 billion and hence net issues to EUR 2.9 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) was 2.0% in November 2021, compared with 2.2% in October. The annual growth rate of listed shares issued by non-financial corporations was 1.2% in November 2021, compared with 1.4% in October. For MFIs, the corresponding growth rate was 1.9% in November 2021, compared with 1.7% in October. For financial corporations other than MFIs, this growth rate was 6.2% in November 2021, compared with 6.3% in October.

The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 9,991.8 billion at the end of November 2021. Compared with EUR 8,235.3 billion at the end of November 2020, this represents an annual increase of 21.3% in the value of the stock of listed shares in November 2021, down from 42.5% in October.

Data for listed shares

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Notes:

• Unless otherwise indicated, data relate to non-seasonally adjusted statistics. In addition to the developments for November 2021, this statistical release incorporates minor revisions to the data for previous periods. The annual growth rates are based on financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes which do not arise from transactions.
• Hyperlinks in the main body of the statistical release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
• The next statistical release on euro area securities issues will be published on 10 February 2022.