France net issues: all resident-issued debt securities
France net issues: all resident-issued debt securities stood at 87,399.49 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q1 2008 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt securities issued by: all residents | |||||||||||
| Net issues in the quarter | 87,399.49 | 138,217.94 | -62,581.8 | 83,244.78 | 96,440.53 | 81,758.88 | -42,272.19 | 80,130.78 | 92,920.84 | 149,320.58 | |
| Gross issues in the quarter | 917,146.04 | 910,529.93 | 704,724.49 | 754,345.89 | 790,296.47 | 831,162.01 | 674,003.54 | 721,938.89 | 774,021.25 | 882,479.06 |
Understanding france net issues: all resident-issued debt securities
The quarterly net change in the stock of domestic debt securities measures total fixed-income instruments issued minus redemptions and maturities over the period. This flow metric captures net debt creation across all resident sectors, including government borrowing and corporate bond issuance. It differs from gross issuance by netting out maturing debt, showing the actual expansion or contraction of domestic debt financing.
Reading net debt issues requires understanding seasonal borrowing patterns, particularly for the public sector, which often concentrates issuance around specific fiscal calendar dates. Revisions to early estimates frequently occur when corporate debt registries update maturing private placements. Analysts should compare net issues with gross issuance to see whether borrowing is driven by new funding needs or simply rolling over existing debt.
Frequently asked questions
- How is net issuance of debt securities calculated?
- Net issuance equals total gross debt securities issued during the quarter minus maturing bonds and debt buybacks.
- Can net debt issuance be negative?
- Yes, if maturing government bonds and corporate retirements exceed new debt sales, net issuance drops below zero.
- Does this series cover both short-term bills and long-term bonds?
- The metric aggregates net issuance across all maturities of debt securities issued by residents.