Bank of Portugal updates October 2025 securities statistics as general government debt redemptions exceed issuance by EUR 11.2bn

The Bank of Portugal published updated securities statistics for October 2025 alongside an analytical note on Portuguese Treasury bill and bond issuance. The release shows a month-on-month fall in resident-issued debt securities and a rise in listed shares, while general government debt securities recorded net redemptions that exceeded issuance by EUR 11.2bn in October. Total resident-issued debt securities stood at EUR 318.2bn at end-October, down EUR 9.0bn from the previous month, driven mainly by general government net redemptions and partly offset by a EUR 1.6bn valuation increase. General government debt securities totalled EUR 188.2bn, with year-to-date net issuance of EUR 10.9bn, EUR 87m lower than at end-October 2024. ESG debt securities issued by residents were EUR 14.3bn, representing 4.5% of the total, with year-to-date net issuance of EUR 272m versus EUR 2.6bn in the same period a year earlier. The stock of listed shares issued by residents rose to EUR 76.3bn, up EUR 3.9bn on the month, reflecting valuation gains of EUR 3.7bn for non-financial corporations and EUR 179m for financial corporations. The accompanying analysis puts the market value of outstanding Portuguese Treasury bills and bonds at EUR 178bn in October 2025, with the financial sector and the rest of the world holding a combined 84% of the market value in September 2025. The next update is scheduled for 18 December 2025.