- The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 7.5% in February 2021 to 8.4% in March.
- For the outstanding amount of listed shares issued by euro area residents, the annual growth rate increased from 1.7% in February 2021 to 2.0% in March.
Debt securities
New issuances of debt securities by euro area residents totalled EUR 806.4 billion in March 2021. Redemptions amounted to EUR 630.2 billion and hence net issues to EUR 176.2 billion. The annual growth rate of outstanding debt securities issued by euro area residents increased from 7.5% in February 2021 to 8.4% in March.
Breakdown by maturity
The annual growth rate of outstanding short-term debt securities increased from 12.0% in February 2021 to 14.6% in March. For long-term debt securities, the annual growth rate increased from 7.2% in February 2021 to 7.9% in March. The annual growth rate of outstanding fixed rate long-term debt securities increased from 7.9% in February 2021 to 8.5% in March. The annual growth rate of outstanding variable rate long-term debt securities increased from 0.7% in February 2021 to 1.3% in March.
Data for breakdown by maturity
Breakdown by sector
As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by non-financial corporations increased from 10.8% in February 2021 to 11.9% in March. For the monetary financial institutions (MFIs) sector, this rate of change increased from -0.3% in February 2021 to 2.2% in March. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 3.4% in February 2021 to 3.8% in March. For the general government, this growth rate was 12.9% in March 2021, the same as in February.
The annual growth rate of outstanding short-term debt securities issued by MFIs was -11.0% in March 2021, compared with -19.0% in February. The annual growth rate of outstanding long-term debt securities issued by MFIs increased from 2.6% in February 2021 to 4.0% in March.
Breakdown by currency
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 9.0% in February 2021 to 9.6% in March. For debt securities denominated in other currencies, this rate of change increased from -1.2% in February 2021 to 1.1% in March.
Data for breakdown by currency
Listed shares
New issuances of listed shares by euro area residents totalled EUR 24.1 billion in March 2021. Redemptions amounted to EUR 3.1 billion and hence net issues to EUR 21.0 billion. The annual growth rate of the outstanding amount of listed shares issued by euro area residents (excluding valuation changes) increased from 1.7% in February 2021 to 2.0% in March. The annual growth rate of listed shares issued by non-financial corporations was 1.4% in March 2021, compared with 1.2% in February. For MFIs, the corresponding rate of change increased from -0.1% in February 2021 to 1.4% in March. For financial corporations other than MFIs, this growth rate increased from 4.7% in February 2021 to 5.0% in March.
The market value of the outstanding amount of listed shares issued by euro area residents totalled EUR 9,238.9 billion at the end of March 2021. Compared with EUR 6,445.0 billion at the end of March 2020, this represents an annual increase of 43.3% in the value of the stock of listed shares in March 2021, up from 11.6% in February.
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