France corporate liabilities: long-term debt securities
France corporate liabilities: long-term debt securities stood at 686,907 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Corporate and financial sector accounts table (Value · Quarterly), with a complete series running from Q4 1995 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Corporate and financial sector accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 17,058,435 | 16,661,302 | 17,307,986 | 16,886,315 | 17,312,538 | 17,616,824 | 17,310,019 | 17,761,125 | 17,448,623 | 18,343,820 | |
| Debt securities | 740,776 | 715,390 | 717,710 | 721,612 | 703,994 | 689,705 | 691,075 | 696,041 | 686,830 | 672,189 | |
| Long-term debt securities | 686,907 | 663,067 | 670,368 | 667,003 | 650,089 | 642,344 | 647,072 | 642,952 | 631,704 | 621,228 |
Understanding france corporate liabilities: long-term debt securities
This series tracks tradable debt instruments with an original maturity exceeding one year, capturing the multi-year capital market obligations of corporate issuers. It includes corporate bonds, medium-term notes, and other structured debt securities designed to finance long-term capital expenditure and structural investments. By separating long-term paper from short-term commercial paper, this measure illuminates the core structural indebtedness of firms in capital markets.
When reading this data, analysts must account for the gradual amortization of principal and the impact of benchmark yield curve shifts on secondary market valuations. Year-on-year comparisons are particularly useful here to smooth out the lumpiness of individual large corporate bond syndications. Comparing this series with long-term bank loans reveals the balance between bond market reliance and institutional lending for multi-year capital projects.
Frequently asked questions
- What distinguishes this series from short-term debt securities?
- This category covers instruments with an original maturity strictly greater than one year.
- Are convertible bonds included in this total?
- Yes, debt instruments with embedded conversion options are typically classified under debt securities until converted into equity.
- How do benchmark interest rates affect this measure?
- Changes in long-term benchmark yields influence issuance costs and the market valuation of existing outstanding debt.