Security Issue Statistics - November 2015

View information release with (PDF 449.89KB)charts and related data tables.

Trends in financing of all Irish-resident entities

• The outstanding amount of debt securities issued by Irish resident entities (including Government) was €865.8 billion at end-November 2015, which was a fall of 0.7% from last year.  There was also little change to the outstanding amount of debt securities issued by euro area residents, which rose by one per cent.
• Debt financing for the banking sector stood at €62.1 billion at the end of November 2015, a decrease of €3.7 billion from the same month last year.
• Equity shares had a market capitalisation of €590.4 billion at end-November.  Quoted shares (€590.3 billion), which account for over 99 per cent of total equity, saw an increase of 59 per cent over the year.  This is largely due to the impact of mergers & acquisitions by redomiciled entities in the NFC sector over the year.  The value of the stock of quoted shares issued by euro area residents increased by 1.2 per cent.

Banking Sector

At the end of November 2015, the outstanding amount of bank bonds was  €62.1 billion, a decrease of nearly €2 billion over the month – (Charts 1 & 2).  Over the year to November 2015, the outstanding value of bank bonds decreased by 5.6 per cent.  This reduction primarily reflected a fall of €8.3 billion in long-term debt securities, which was offset somewhat by an increase of €4.6 billion in short-term debt securities. Long term debt securities account for 76.3 per cent of the total debt securities issued by the banking sector¹.

Over the past twelve months, the total outstanding amount of debt securities for the banking sector across the euro area increased by just under one per cent.

The market value of equities in the banking sector in Ireland increased by twelve per cent over the year, to stand at €25.8 billion (Chart 3) as of November 2015.

Other Financial Intermediaries

The outstanding amount of debt securities issued by the other financial institutions (OFI) sector increased by €8.8 billion in November, to stand at €663.4 billion (Charts 4 & 5).  This was a decrease of 1.9 per cent over the year. Long term debt securities account for 93.8 per cent of the total debt securities issued by the OFI sector.

Over the past twelve months, the total outstanding amount of debt securities for the OFI sector across the euro area increased by 1.1 per cent. 

In November 2015, the value of the quoted shares in the OFI sector in Ireland increased by €0.6 billion from the previous month to stand at €20 billion.  This represented an increase of 15 per cent over the year (Chart 6).

Non-Financial Corporations

  In November 2015, the value of the quoted shares in the non-financial corporations (NFC) sector increased by €24.7 billion (4.8 per cent) from the previous month to stand at €544 billion.  This increase was largely due to the impact of market price changes in redomiciled entities.  There was an increase of 64.8 per cent over the year, largely due to mergers and acquisitions by redomiciled entities (Chart 7 & 8). 

Over the past twelve months, the total outstanding amount of debt securities for NFCs in the euro area increased by 1.1 per cent.

The outstanding amount of debt securities issued by NFCs increased year-on-year by €2.9 billion to stand at €11.5 billion in November 2015 (Table 1).

Detailed tables can be found on the Central Bank of Ireland’s website here. The data are largely compiled from the ESCB Central Securities Database.

________________________________________
1 As per compilation methodology utilised by the Central Bank of Ireland