As regards the sectoral breakdown, the annual growth rate of outstanding debt securities issued by nonfinancial corporations was 9.9% in May 2009, the same as in April. For the monetary financial institutions (MFIs) sector, this growth rate decreased from 6.3% in April 2009 to 5.5% in May. The annual growth rate of outstanding debt securities issued by financial corporations other than MFIs decreased from 30.4% in April 2009 to 29.4% in May. For the general government, this growth rate increased from 12.5% in April 2009 to 13.6% in May.
As regards the maturity breakdown, the annual growth rate of outstanding short-term debt securities decreased from 25.8% in April 2009 to 22.7% in May. The annual growth rate of outstanding short-term debt securities issued by MFIs decreased from 10.1% to 7.2% during the same period. For long-term debt securities, the annual growth rate increased from 10.3% in April 2009 to 10.6% in May. The annual growth rate of outstanding long-term debt securities issued by
MFIs decreased from 5.6% to 5.2% during the same period. The annual growth rate of outstanding fixed rate long-term debt securities increased from 8.4% in April 2009 to 9.2% in May. The annual growth rate of outstanding variable rate long-term debt securities decreased from 15.7% in April 2009 to 14.2% in May.
Concerning the currency breakdown, the annual growth rate of outstanding euro-denominated debt securities was 13.1% in May 2009, compared with 13.0% in April. For debt securities in other currencies, this growth rate decreased from 4.2% in April 2009 to 2.6% in May. The seasonally adjusted three-month annualised growth rate of outstanding debt securities issued by euro area residents decreased from 11.6% in April 2009 to 9.4% in May.
New issuance of quoted shares by euro area residents totalled EUR 10.6 billion in May 2009. As redemptions came to EUR 0.3 billion, net issues amounted to EUR 10.3 billion. The annual growth rate of the outstanding amount of quoted shares issued by euro area residents (excluding valuation changes) increased from 1.7% in April 2009 to 2.0% in May. The annual growth rate of quoted shares issued by non-financial corporations increased from 0.5% in April 2009 to 0.8% in May. For monetary financial institutions, it increased from 8.2% in April 2009 to 8.8% in May. For financial corporations other than MFIs, this growth rate decreased from 3.4% in April 2009 to 3.2% in May.
The outstanding amount of quoted shares issued by euro area residents totalled EUR 3,581 billion at the end of May 2009. Compared with EUR 5,729 billion at the end of May 2008, this represents an annual decrease of 37.5% in the value of the stock of quoted shares in May 2009, compared with an annual decrease of 40.2% in April, mainly due to market valuation changes.
