France net debt securities 12-month net issues: non-financial corps
France net debt securities 12-month net issues: non-financial corps stood at 31,985.51 EUR million in Aug 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities issuance table (Value · Monthly), with a complete series running from Jan 1999 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities issuance table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net issues of debt securities, 12-month cumulative | |||||||||||
| Non-financial corporations, all maturities | 31,985.51 | 32,461.65 | 34,492.2 | 36,652.69 | 45,655.79 | 35,120.31 | 43,239.71 | 40,079.73 | 29,117.64 | 30,488.4 | |
| Non-financial corporations, short-term | -2,270 | -2,438 | -53 | -984 | 3,589 | 4,969 | 5,215 | 5,274 | 3,252 | 8,886 |
Understanding france net debt securities 12-month net issues: non-financial corps
Non-financial corporations acting as debt issuers across all maturity categories form the subject of this rolling twelve-month cumulative net issuance series. The metric captures commercial and industrial enterprises raising capital through corporate bonds and commercial paper markets. Accumulating the figures over twelve months filters out the sporadic timing of large corporate bond syndications and seasonal refinancing patterns.
Readers should view this smoothed corporate measure as an indicator of broader business sector reliance on market-based debt versus bank lending. Revisions in underlying monthly data propagate through the trailing twelve-month calculation, meaning historical figures can shift slightly. When comparing this series with financial sector debt, observers can gauge the relative debt financing activity of the real economy versus intermediaries.
Frequently asked questions
- Which types of companies fall under non-financial corporations?
- Commercial, industrial, and service enterprises that produce goods or non-financial services.
- Why use a 12-month window for corporate debt issuance?
- Corporate bond issuance tends to be lumpy, and an annual sum smooths out individual large deal timings.
- Does this series capture bank loans taken out by corporations?
- No, loans are excluded because this dataset tracks exclusively negotiable debt securities.