Securities statistics, August 2017:
Decreased liability in debt securities
Statistical news from Statistics Sweden 2017-09-18 9.30
Total Swedish liability in debt securities decreased in August by SEK 18 billion, to SEK 7 480 billion. This decrease is largely due to maturity on bonds denominated in Swedish kronor, as well as weakened exchange rates in the most significant currencies of issue, USD, EUR and GBP. Debt securities denominated in USD and EUR were issued with a net value of SEK 24 and SEK 10 billion, respectively. Despite this, borrowing in USD only increased by SEK 3 billion, while borrowing in EUR decreased by SEK 3 billion. Borrowing in GBP decreased by SEK 8 billion, despite issuance with a net value of SEK 1 billion.
Long-term debt securities decreased by SEK 82 billion compared with the previous month. This decrease is primarily due to maturity and repurchase of debt securities denominated in Swedish kronor with a value of SEK 58 billion. It is worth noting that compared with the previous month, the debt stock for short-term debt securities increased by SEK 64 billion, of which debt securities denominated in Swedish kronor increased by SEK 54 billion.
Borrowing in government bonds decreased by SEK 78 billion in August as a result of net maturity in treasury bonds denominated in Swedish kronor and USD. Net maturity in Swedish kronor amounted to SEK 62 billion, and net maturity in USD amounted to SEK 12 billion. The weakened USD exchange rate contributed to an additional SEK 3 billion in decreased value of the USD-denominated borrowing reserves.
The value of the banks’ borrowing increased by SEK 21 billion, primarily due to increased borrowing, both in short-term and long-term debt securities denominated in USD, issued with a net value of SEK 28 billion and SEK 12 billion, respectively.
In the housing sector, borrowing increased by SEK 26 billion as a result of new issue of bonds by housing finance institutions denominated in Swedish kronor.
Other monetary financial institutions’ long-term borrowing decreased in August, primarily due to maturity in bonds denominated in Swedish kronor. However, the value of short-term borrowing increased, nearly exclusively due to an increased volume of issuance of the Riksbank’s seven-day certificate, compared with the end of July.
Structure of maturity
Statistics for August show that debt securities for SEK 1 118 billion will reach maturity within three months. The bank sector, other monetary financial institutions and non-financial enterprises represent 39, 35 and 13 percent respectively of maturity value within three months.
Over 96 percent of maturity value in the bank sector is denominated in foreign currency, mainly in USD. In the other monetary financial institutions and non-financial enterprises sectors, maturity value is SEK 463 billion in total and mainly denominated in Swedish kronor.
It is worth noting that maturity value is mainly located in short-term debt securities in all sectors. Short-term debt securities with a total value of SEK 827 billion reach maturity within three months.
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2017-10-18 at 9:30.
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