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Securities issues, September 2020

Borrowing in debt securities continues to increase

Statistical news from Statistics Sweden 2020-10-16 9.30

At the end of September, total liabilities in debt securities amounted to SEK 8 093 billion, up by SEK 60 billion from August. Rising liabilities in US dollars among both bonds and money market instruments were the main contributors to this increase.

The rising liabilities in US dollars came from an increase of SEK 13 billion in net issues, as well as a strengthened US dollar in September, which led to a further increase of SEK 39 billion in liabilities. Borrowing in debt securities in euros fell by a net SEK 38 billion in September, but the strengthened euro had a counteractive effect, and liabilities decreased by SEK 6 billion in total.

Increased liabilities in bonds and money market instruments

At the end of September, liabilities in debt securities amounted to SEK 8 093 billion, in which bonds accounted for 85 percent and money market instruments accounted for 15 percent. Liabilities in debt securities increased in both bonds and money market instruments, by SEK 40 billion and SEK 19 billion respectively.

The annual growth rate for total liabilities in debt securities was 3.5 percent, an increase of 1.8 percentage points compared with August.

Monetary financial institutions increased liabilities in unsecured debt securities

In September, unsecured debt securities from monetary financial institutions accounted for the largest increase in liabilities in debt securities, SEK 73 billion in total. This increase was in part the effect of a weakened Swedish krona, although it was also due to rising net issues, mainly in US dollars.

In September, central government and the non-financial corporations sector increased liabilities by SEK 28 billion and SEK 19 billion respectively. On the other hand, liabilities in secured debt securities from monetary financial institutions decreased by SEK 62 billion, to a very large extent due to net maturity in Swedish kronor.

Outstanding amount, SEK billions

Securities issues, September 2020

Maturity structure

Debt securities valued at SEK 1 751 billion will reach maturity within six months. Just under half are denominated in foreign currency, mainly in US dollars and euros. Unsecured debt securities from monetary financial institutions amounting to SEK 616 billion accounted for the largest part of the maturity value within six months, in which the larger part are issued in foreign currency, mainly US dollars. In other sectors, the maturity value is mainly in Swedish kronor.

Maturity, SEK billions

Securities issues, September 2020

Next publishing will be

2020-11-16 at 9:30

Statistical Database

More information is available in the Statistical Database

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Statistical agency

The Riksbank

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Statistics Sweden, Financial Market Statistics Unit

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