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Securities issues, August 2020

Borrowing in debt securities increased

Statistical news from Statistics Sweden 2020-09-16 9.30

At the end of August, total liabilities in debt securities amounted to SEK 8 032 billion, up by SEK 35 billion from July. This increase mainly came from an increase in borrowing of debt securities denominated in Swedish kronor and US dollars.

At the end of August, the balance value for money market instruments amounted to SEK 1 194 billion, in which the debt stock in debt securities denominated in Swedish kronor and US dollars increased by SEK 11 billion and SEK 34 billion respectively during the month. For bonds, the debt stock in debt securities denominated in Swedish kronor increased by SEK 22 billion, while it decreased by SEK 31 billion for debt securities denominated in euros during the same period. The balance value for bonds amounted to SEK 6 838 billion at the end of August.

Reduced growth rate

The annual growth rate for total liabilities in debt securities was 1.6 percent, which is a decrease of 1.3 percentage points from July. Total Swedish liabilities in debt securities, which amounted to SEK 8 078 billion in February, have since decreased by SEK 46 billion, and amounted to SEK 8 032 billion at the end of August.

Non-financial sector

The total balance value for the non-financial sector amounted to SEK 1 390 billion at the end of August. The debt stock for bonds denominated in euros decreased by SEK 1 billion. The debt stock for bonds in total amounted to SEK 1 278 billion at the end of August. Borrowing in money market instruments has decreased in all currencies, and the debt stock currently amounts to SEK 112 billion.

Outstanding amount, SEK billions
Securities issues

Exchange rate effects

During August, the Swedish krona was strengthened against the euro and the US dollar, which had a downward effect on total Swedish liabilities in debt securities. The balance value for debt securities denominated in euros and US dollars amounted to SEK 1 873 billion and SEK 1 120 billion respectively at the end of August. The debt stock for debt securities denominated in euros decreased by SEK 33 billion and increased by SEK 32 billion for debt securities denominated in US dollars. Underlying reasons include net maturity for debt securities denominated in euros valued at SEK 30 billion and net issues for debt securities denominated in US dollars valued at SEK 47 billion. This led to a change in exchange rate of just over SEK 4 billion and SEK 15 billion respectively.

Maturity structure

Debt securities valued at SEK 683 billion, of which 86 percent are short-term securities, will reach maturity within one month. Mainly Riksbank certificates and unsecured securities from monetary financial institutions account for the largest part of the maturity value.

In the next month, debt securities denominated in euros and US dollars valued at SEK 61 billion and SEK 132 billion respectively will reach maturity. The debt securities denominated in euros were fairly evenly distributed between short-term and long-term securities, while debt securities denominated in US dollars were mainly in short-term instruments.

Maturity, SEK billions
Securities issues

Next publishing will be

2020-10-16 at 9:30

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency

The Riksbank

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Statistics Sweden, Financial Market Statistics Unit

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