The Bank of Portugal released updated securities statistics for September 2025, showing that debt securities issuance by resident entities exceeded amortisations by EUR 5.4 billion and that the market value of listed shares issued by residents increased by EUR 1.1 billion over the month. The outstanding amount of debt securities issued by resident entities reached EUR 326.5 billion at end-September 2025, up EUR 6.0 billion from the previous month. The increase was driven by general government debt securities, which rose by EUR 6.5 billion as net issuance totalled EUR 6.0 billion, alongside EUR 352 million in accrued interest and EUR 184 million in valuation effects. This was partly offset by a EUR 0.6 billion decline in the financial sector, where amortisations exceeded issuance by EUR 587 million. General government debt securities outstanding totalled EUR 198.5 billion, with year-to-date net issuance of EUR 22.1 billion, EUR 9.1 billion higher than in the same period of 2024; scheduled amortisations over the following 12 months were EUR 57.8 billion, or 17.3% of the outstanding nominal amount, including EUR 11.5 billion in October 2025 and EUR 12.5 billion in July 2026. The stock of listed shares issued by resident entities stood at EUR 72.4 billion at end-September 2025, reflecting valuation increases of EUR 681 million for non-financial corporations and EUR 456 million for the financial sector. The next update is scheduled for 18 November 2025.
Bank of Portugal 2025-10-16
Bank of Portugal publishes September 2025 securities statistics showing EUR 5.4 billion net debt issuance and a EUR 1.1 billion rise in listed shares
The Bank of Portugal's updated securities statistics for September 2025 show a EUR 5.4 billion net increase in debt securities issuance by resident entities and a EUR 1.1 billion rise in the market value of listed shares. Outstanding debt securities reached EUR 326.5 billion, driven by a EUR 6.5 billion increase in general government debt, while the financial sector saw a EUR 0.6 billion decline. The stock of listed shares issued by residents was EUR 72.4 billion, with valuation gains in non-financial corporations and the financial sector.