The Bank of Portugal has released updated securities statistics for June 2025, reporting that the outstanding amount of debt securities issued by resident entities increased to EUR 317.6bn, up EUR 2.5bn from end-May. The market value of listed shares issued by resident entities rose to EUR 68.4bn, up EUR 515m over the month. In debt securities, net issuance exceeded redemptions by EUR 2.4bn for general government and EUR 1.2bn for the financial sector, partially offset by a EUR 587m valuation decline in general government debt. General government debt securities totalled EUR 191.4bn, representing 60.3% of resident-issued debt securities, while year-to-date net issuance to end-June amounted to EUR 14.7bn, EUR 1.6bn less than in the same period of 2024. Outstanding ESG-labelled debt securities stood at EUR 14.4bn, or 4.5% of the total stock, down EUR 288m as redemptions exceeded issuance by EUR 300m. Scheduled debt redemptions over the next 12 months totalled EUR 45.7bn (14.1% of the nominal outstanding stock), including EUR 7.5bn in July, driven mainly by EUR 5.4bn of non-financial corporation redemptions, largely commercial paper. For listed shares, a EUR 896m appreciation in non-financial corporates was partly offset by a EUR 383m decline in the financial sector, the first drop for that sector since November 2024. The next statistical update is scheduled for 20 August 2025.

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