The International Financial Services Centre (IFSC), Dublin.

The Central Bank today published new statistics on securities issued by entities resident in Ireland. The new dataset contains information on the outstanding amount of external Irish debt and equity securities by sector of issuer, at end-December 2009 and end-January 2010. Debt of almost €1.1 trillion is mainly accounted for by the IFSC, Dublin's offshore financial services centre, which has a debt of €789.1 billion.

The sectors of the issuer are: monetary financial institutions; other financial intermediaries; Government; non-financial corporates; and insurance companies and pension funds. Data for issued debt securities indicate that €790 billion worth of this debt is denominated in euro, while the remaining €270 billion is denominated in foreign currencies. Most of this amount - - €789.1 billion - - is accounted for by entities based in the IFSC, including companies involved in asset finance, securitisation and treasury management.

Irish financial institutions, including banks, account for €182.6 billion of the debt securities, of which €46.8 billion is in short-term securities while Irish Government debt at the end of January was €78 billion, an increase of €6.7 billion since the end of December, and reflecting a €5 billion bond issue in January.

The following is a breakdown of the debt:

• At end-January 2010, Irish residents’ outstanding amount of issued debt securities was nearly €1.1 trillion, comprising €790 billion in Euro denominated securities and €276 billion in non-Euro denominated securities.
• Of the total outstanding amount of debt securities denominated in all currencies at end-January 2010, 9% had an original maturity of less than one year, and the remaining majority had an original maturity greater than one year.
• The monetary financial institution sector had short-term debt securities of €46.8 billion and long-term debt securities of €135.8 billion outstanding at end-January. Long-term debt securities largely comprise floating coupon rate payment type.
• For the other financial intermediary sector, total debt securities outstanding amounted to €789.1 billion at end-January. This sector includes entities involved in securitisation, asset finance companies, and treasuries etc., predominantly located in the IFSC.
• Long-term Government debt was nearly €78 billion at end-January, an increase of €6.7 billion from end-December, predominantly reflecting the bond issue of €5 billion on January 14th 2010.
• The outstanding debt securities of non-financial cooperates and insurance companies and pension funds was €2 billion and €2.2 billion, respectively, at end-January 2010.
• Equity securities, excluding investment fund shares/units, had an outstanding amount of €165.3 billion at end-January, mainly comprising equities quoted on stock exchanges. Non-financial corporations are the most significant sector in equity securities.

Detailed tables can be found here.