Key points
- Total capital issuance by UK residents was £29.7bn in August, £15.1bn lower than in July and £21.7bn lower than the previous six month average.
- Total bond issuance by the MFI sector was £6.7bn in August, £7.1bn lower than in July and £7.9bn lower than the previous six month average.
- Total commercial paper issuance by UK residents was £13.6bn in August, £3.5bn lower than in July and £6.5bn lower than the previous six month average.
- Total equity issuance by the PNFC sector was £0.2bn in August, £1.5bn lower than in July and £2.2bn lower than the previous six month average.
In addition to the summary statistics contained within this release and the associated tables, the Bank publishes a number of more granular series; please see our Bankstats tables (E3.1) and the full list of series and interactive charts.
All sectors
- Gross capital issuance by UK residents was £29.7bn in August, compared to £44.8bn in July and the previous six month average of £51.3bn (Chart 1).
- Net issuance was -£2.2bn in August, compared to -£0.3bn in July and the previous six month average of £10.9bn (Chart 1).
- Year-to-date gross issuance was £380.4bn, £81.5bn higher than at the same point the previous year (Chart 2).
- Year-to-date net issuance was £69.1bn, £45.1bn higher than at the same point the previous year (Chart 3).
Chart 1: Total capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Chart 2: Gross capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Chart 3: Net year to date capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £15.9bn in August, compared to £25.9bn in July and the previous six month average of £28.7bn (Chart 4).
- Net bond issuance was -£0.2bn in August, compared to -£2.7bn in July and the previous six month average of £7.1bn (Chart 4).
- The increase in net issuance was primarily driven by a decrease in repayments by the OFC sector.
Chart 4: Bond issuance by UK-residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £13.6bn in August, compared to £17.1bn in July and the previous six month average of £20.0bn (Chart 5).
- Net commercial paper issuance was -£2.1bn in August, compared to £0.7bn in July and the previous six month average of £1.4bn (Chart 5).
- The decrease in net issuance was driven by a decrease in issuance by the PNFC sector.
Chart 5: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.2bn in August, compared to £1.8bn in July and the previous six month average of £2.7bn (Chart 6).
- Net equity issuance was £0.0bn in August, compared to £1.7bn in July and the previous six month average of £2.4bn (Chart 6).
- The decrease in net issuance was driven by a decrease in issuance by the PNFC sector.
Chart 6: Equity issuance by UK-residents (all currencies)
Non seasonally adjusted
Key
- PNFC = Private non-financial corporation
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- Other sectors = Other sectors contains public corporations and non-profit institutions serving households
- CP = Commercial paper
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
