Euro area securities issues statistics: December 2021

February 10, 2022

Debt securities

New issues of debt securities by euro area residents amounted to €483.6 billion in December 2021. Redemptions amounted to €589.6 billion and therefore net redemptions to 106, 0 billion euros. The annual growth rate of outstanding debt securities issued by euro area residents stood at 5.0% in December 2021, compared with 5.1% in November.

Debt securities data

Chart 1

Debt securities issued by euro area residents

(annual growth rates)

Breakdown by maturity

The annual rate of change of outstanding short-term debt securities stood at -7.1% in December 2021, from -8.0% in November. For long-term debt securities, the annual growth rate stood at 6.1% in December 2021, compared to 6.3% in November. The annual growth rate of outstanding long-term fixed-rate debt securities decreased from 7.0% in November 2021 to 6.7% in December. The annual growth rate of outstanding floating rate long-term debt securities increased from 2.4% in November 2021 to 3.3% in December.

Breakdown data by maturity

Breakdown by sector

Looking at the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations stood at 5.1% in December 2021, compared with 4.9% in November. For the monetary financial institutions (MFIs) sector, this growth rate was 2.1% in December 2021, compared to 2.2% in November. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 7.0% in November 2021 to 6.7% in December. For general government, this growth rate is 5.8% in December 2021, compared to 5.7% in November.

The annual rate of change in the outstanding amount of short-term debt securities issued by MFIs decreased from -2.6% in November 2021 to -4.2% in December. The annual growth rate of the amount outstanding of long-term debt securities issued by MFIs was 2.9% in December 2021, compared with 2.8% in November.

Breakdown data by sector

Breakdown by currency

Regarding the breakdown by currency, the annual growth rate of outstanding euro-denominated debt securities stood at 5.8% in December 2021, compared to 5.6% in November. For debt securities denominated in other currencies, this growth rate fell from 1.4% in November 2021 to 0.3% in December.

Data for currency breakdown

Listed shares

New issues of listed shares by euro area residents amounted to €21.6 billion in December 2021. Redemptions amounted to €10.7 billion and therefore net issues to 10, 9 billion euros. The annual growth rate of outstanding quoted shares issued by euro area residents (excluding valuation effects) stood at 1.9% in December 2021, unchanged from November. The annual growth rate of quoted shares issued by non-financial corporations stood at 1.1% in December 2021, unchanged from November. For MFIs, the corresponding growth rate fell from 2.0% in November 2021 to 1.7% in December. For financial corporations other than MFIs, this growth rate stood at 5.8% in December 2021, compared with 5.6% in November.

Chart 2

Listed shares issued by euro area residents

(annual growth rates)


The market value of outstanding listed shares issued by euro area residents amounted to €10,314.4 billion at end-December 2021. Compared to €8,442.0 billion at end-December 2020 , this represents a 22.2% annual increase in the value of the listed stock in December 2021, compared to 21.7% in November.

Data for listed shares

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Remarks:

  • Unless otherwise stated, data refer to unadjusted statistics. In addition to developments for December 2021, this statistical release incorporates minor revisions to data for previous periods. Annual growth rates are based on the financial transactions that occur when an institutional unit incurs or redeems liabilities, they are not affected by the impact of any other changes that do not result from transactions.
  • Hyperlinks in the main body of the statistical release and in the tables in the appendix lead to data that may change with subsequent releases as a result of revisions. The figures presented in the tables in the appendix are a snapshot of the data at the time of current publication.
  • The next statistical release on euro area securities issues will be published on 10 March 2022.

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