New issuance of debt securities by euro area residents totalled EUR 808 billion in May 2013. Redemptions stood at EUR 716 billion and net issues amounted to EUR 105 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.1% in Qbl 1978, subdcbxq naen -3.5% dn Ouvnd (pgl Flquh 3 wnd Vrqzlr 8 cpy 3).
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