As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations increased from 7.9% in February 2009 to 8.9% in March. For the monetary financial institutions (MFIs) sector, this growth rate increased from 6.3% in February 2009 to 6.5% in March. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs increased from 30.4% in February 2009 to 30.9% in March. For the general government, this growth rate increased from 10.5% in February 2009 to 12.0% in March.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities decreased from 25.7% in February 2009 to 23.8% in March. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 13.2% to 11.7% during the same period. For long-term debt securities, the annual growth rate increased from 9.2% in February 2009 to 10.4% in March. The annual growth rate of outstanding long-term debt
securities issued by MFIs increased from 5.1% to 5.6% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities increased from 6.7% in February 2009 to 8.4% in March. The annual growth rate of outstanding variable rate long-term debt securities increased from 16.1% in February 2009 to 16.4% in March.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities increased from 12.0% in February 2009 to 12.8% in March. For debt securities in other currencies, this growth rate increased from 3.5% in February 2009 to 4.4% in March.
The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents decreased from 17.7% in February 2009 to 12.2% in March.
New issuance of quoted shares by euro area residents totalled EUR 13.6 billion in March 2009. As redemptions came to EUR 0.2 billion, net issues amounted to EUR 13.3 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) increased from 1.1% in February 2009 to 1.5% in March. The annual growth rate of quoted shares issued by non-financial corporations increased from -0.1% in February 2009 to 0.4% in March. For monetary financial institutions, it increased from 7.3% in February 2009 to 8.0% in March. For financial corporations other than MFIs, this growth rate was 3.3% in March 2009, compared with 3.2% in February.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,010 billion at the end of March 2009. Compared with EUR 5,567 billion at the end of March 2008, this represents an annual decrease of 45.9% in the value of the stock of quoted shares in March 2009, compared with an annual decrease of 49.8% in February, mainly due to market valuation changes.
