Debt securities statistics, December 2016
Reduced liability in debt securities
Statistical news from Statistics Sweden 2017-01-18 9.30
At the end of December, outstanding liability in debt securities amounted to SEK 7 236 billion, which is a decrease of SEK 160 billion compared with last month. Net emissions in December amounted to minus SEK 89 billion, of which mainly short term debt securities denominated in Swedish kronor and US dollars were behind the decrease.
The decrease from November to December was relatively evenly distributed between short term and long term debt securities. While the decrease of short term debt securities is mainly due to repurchase and maturity of money market instruments denominated in Swedish kronor and US dollars, exchange rate fluctuations have had the greatest impact on the decrease of long term debt securities. Bonds denominated in Euros were issued for a net value of SEK 3 billion during the month. However, their outstanding debt stock decreased by SEK 32 billion.
Broken down by sector, it is mainly the banks, other monetary finance institutions and non-financial corporations that have decreased their borrowing the most. These sectors together account for 90 percent of the total decrease. Liability in debt securities for municipalities, which consists largely of long term debt securities denominated in Swedish kronor, is the only sector that increased its borrowing in December, by SEK 61 million. Primarily short term debt securities denominated in US dollars were behind the increase.
The value of the banks’ liability in debt securities decreased in December by SEK 70 billion to SEK 2 166 billion. The bank sector’s outstanding liability in debt securities decreased the most compared with other sectors. The value of short term borrowing has decreased by SEK 45 billion and long term debt securities have decreased by SEK 25 billion. It is mainly repurchase and maturity of debt securities denominated in US dollars that are behind the decrease of short term debt securities. Debt securities denominated in foreign currency were behind the decrease in long term debt securities in connection with the negative currency development.
Other monetary finance institutions, which also includes the Riksbank, decreased their borrowing in debt securities by SEK 52 billion. Total borrowing in debt securities in this sector amounted to SEK 832 billion. It is primarily short term debt securities denominated in Swedish kronor, nearly exclusively Riksbank certificates, that are behind the decrease, by SEK 28 billion, as well as long term debt securities amounting to SEK 22 billion denominated in US dollars and British pounds.
Non-financial corporations’ nominal balance value in debt securities decreased by SEK 22 billion from SEK 1 097 billion to SEK 1 075 billion, mainly due to long term debt securities denominated in Euros and US dollars that decreased by SEK 10 billion and SEK 8 billion respectively.
In January, debt securities amounting to SEK 414 billion will reach maturity, of which SEK 292 billion is denominated in Swedish kronor. Among other monetary finance institutions and banks, debt securities amounting to SEK 334 billion will reach maturity, which corresponds to 81 percent of the total maturity value in January. In January, debt securities denominated in foreign currency amounting to SEK 89 billion and SEK 14 billion in the bank sector and housing sector respectively will reach maturity.
Within one year, SEK 2 013 billion will reach maturity, of which SEK 1 031 billion is denominated in foreign currency. Of the total value to reach maturity within one year, SEK 1 078 billion are long term debt securities and SEK 935 billion are short term debt securities. Among long term debt securities, the bank and housing sectors have the largest maturity value, with a total value of SEK 615 billion.
Next publishing will be
2017-02-16
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