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Statistical Press Release - Securities issues – December 2020

Today, Banco de Portugal publishes statistics in Table A.25 of the Statistical Bulletin and in BPstat, on issues of debt securities and shares for December 2020. Published data incorporate revisions since January 2017, according to Banco de Portugal’s statistics revision policy.

In December 2020, net issues (gross issues minus redemptions) of securities by residents totalled a positive value of about €4.5 billion. This figure results from positive net issues of debt securities by €2.4 billion and stocks by €2.1 billion. Concerning the institutional sector, the non-financial corporations and financial corporations were the ones which registered higher net issues in December, €2 billion and €1.8 billion, respectively, whereas general government amounted €0.7 billion.

In 2020, net issues of securities by residents totalled a positive value of about €33.8 billion, remaining positive for the fifth consecutive year. This value is explained by net issues of debt securities (€29.5 billion) and stocks (€4.3 billion) (Chart 1).

Regarding the institutional sector, all sectors presented positive net issues. The general government recorded the higher value (€20.7 billion), the financial corporations recorded a figure of €7.0 billion and the non-financial corporations registered positive net issues by €6.1 billion (Charts 2).

The outstanding amount of securities issued by residents totalled €484.7 billion, an increase of €5.8 billion when compared to November, mainly as result of the positive net issues referred above and of the increase in the market value of quoted shares of non-financial corporations (Chart 3).

Comparing against the amount outstanding by the end of 2019, there is an increase of €28.7 billion. This change is primarily due to the positive net issues during the year, which was partially offset by the decrease in the market value of quoted shares of non-financial corporations (€4.5 billion) and financial corporations (€1.7 billion) (Chart 4).

Next update: 8 Mar. 2021