Irish firms' debt securities reach €1 trillion

Debt securities issued by Irish resident entities topped €1 trillion by the end of February, the Central Bank said today, with…

Debt securities issued by Irish resident entities topped €1 trillion by the end of February, the Central Bank said today, with IFSC companies accounting for the majority.

However, the €1.05 trillion issued by the Government and Irish firms was slightly lower than January's figure of almost €1.1 trillion.

The debt consisted of €776 billion in euro denominated securities, with €278 billion in foreign denominated securities.

In the monetary financial institution sector, short-term debt securities totalled €47.6 billion, with long-term securities of almost €137 billion, mostly floating coupon rate payment type.

The financial intermediary sector, which includes entities predominantly involved in international financial service activities, had total debt securities of €774 billion at the end of February.

Long-term Government debt securities rose €2.1 billion to €80.1 billion, due to bond issues of €600 million and €900 million on February 16th.

Just over 8 per cent of the total debt issued had an original maturity of less than one year.