STATISTICAL PRESS RELEASE
18|2016
Securities Issues
December 2015
February 12th, 2016
Banco de Portugal publishes today, in table A.12 of
the Statistical Bulletin and in BPstat, securities issues data for December 2015.
At the end of 2015, the outstanding amount of securities issued by residents, measured at market
value, amounted to 420.3 billion euros (Chart 1), a
decrease of 1.8 billion when compared with the end
of 2014. This change is explained by the decrease
of 5.3 billion euros in debt securities, which is partially offset by the 3.5 billion euros increase in
shares.
The institutional sector with the highest outstanding amount is the general government, with debt
Chart 1 • Securities issues, by instrument | endof-month outstanding amount
securities of 150.3 billion euros (Chart 2), after an
increase of 10.8 billion euros since the end of 2014.
The outstanding amount of securities issued by
non-financial corporations reached 135.7 billion
euros, an increase of 6.9 billion euros from the previous year, mainly justified by the valuation of nonfinancial corporations’ listed shares in 2015.
In the financial sector, the outstanding amount of
securities was 134.2 billion euros, which corresponds to a reduction of 19.4 billion euros since the
end of 2014, with debt securities having the highest
contribution.
Chart 2 • Securities issues, by institutional sector | end-of-month outstanding amount
200
500
450
180
350
Billions euros
Billions euros
400
300
250
160
140
120
200
100
150
100
Dec/10
Dec/11
Dec/12
Debt Securities
Dec/13
Shares
Dec/14
Dec/15
Total
80
Dec/10
Dec/11
Dec/12
Non-financial corporations
General government
Dec/13
Dec/14
Dec/15
Financial corporations
BANCO DE PORTUGAL • Securities issues
For the first time since 2011, the residents’ net
issues (gross issues minus redemptions) of securities were positive, reaching 1.4 billion euros
(Chart 3). This value is the result of 4.5 billion euros of net issues in shares and of a reduction of
3.0 billion euros in debt securities.
government with net issues of 10.4 billion euros,
the highest value since 2010.
The financial corporations continued to register
negative net issues (11.2 billion euros), despite
positive net issues of securities of 3.4 billion euros during December 2015.
Looking into the breakdown by institutional sector (Chart 4), the highlight goes to the general
Chart 3 • Securities issues, by instrument |net
issues
Chart 4 • Securities issues, by institutional sector |net issues
50
50
40
40
30
30
20
20
Billion euros
Billion euros
2
10
0
10
0
-10
-10
-20
-20
-30
-30
2010 2011 2012 2013 2014 2015
Debt Securities
Shares
Dec/ Nov/ Dec/
14
15
15
Total
Additional information available at:
Chapter A.12 of Statistical Bulletin
Domain of Securities Statistics BPstat|Statistics Online
Next update: March 11th, 2016
Banco de Portugal | info@bportugal.pt
2010 2011 2012 2013 2014 2015
Non-financial corporations
Dec/ Nov/ Dec/
14
15
15
Financial corporations
General government
Total