France non-financial corporation debt securities total
France non-financial corporation debt securities total stood at 792,164.1 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 Q4 2017 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 non-financial corporations2 | 792,164.1 | 765,433.2 | 767,580.1 | 768,357.3 | 750,771.5 | 735,036.1 | 734,200.4 | 739,167.9 | 731,097.4 | 717,993.4 | |
| Held by non-residents | 481,692.7 | 457,560.1 | 455,762.2 | 451,084.8 | 435,157.6 | 420,660.4 | 418,492.4 | 413,344.4 | 405,032.3 | 392,187.5 | |
| Held by residents | 310,471.4 | 307,873.1 | 311,817.8 | 317,272.5 | 315,614 | 314,375.6 | 315,708 | 325,823.5 | 326,065.1 | 325,805.9 |
Understanding france non-financial corporation debt securities total
Commercial enterprises operating outside the financial sector rely on capital markets for funding, and this series aggregates the total nominal value of all debt instruments issued by those entities. The scope covers short-term commercial paper alongside long-term corporate bonds denominated in domestic and foreign currencies, while excluding bank loans and unsecuritized trade credit. Unlike measures focused exclusively on government obligations or financial sector liabilities, this specific metric isolates the borrowing activity of producing and trading enterprises, capturing how industrial and service firms utilize debt securities to finance operations.
Interpreting this dataset requires careful attention to valuation methods, particularly market versus nominal values, alongside potential distortions from issuer reclassifications between non-financial and financial sectors. Analysts should prioritize period-on-period changes rather than quarterly comparisons when assessing shifts in corporate borrowing behavior, because issuance activity often exhibits strong seasonal clustering around corporate reporting cycles. Revisions frequently occur in early estimates as late reporting from market participants gets incorporated, and analysts must distinguish between organic debt issuance and shifts driven by corporate restructuring or cross-border mergers.
Frequently asked questions
- What categories of debt instruments are included in this total?
- The measure includes negotiable debt instruments such as commercial paper, medium-term notes, and corporate bonds issued by non-financial businesses.
- Are bank loans included in these figures?
- No, loans extended by credit institutions are strictly excluded, as this dataset covers exclusively securitized debt obligations.
- Why might early estimates of corporate debt securities be revised?
- Initial figures are regularly updated as statisticians receive delayed reports from corporate issuers and custodians regarding newly settled transactions.