Please note that, due to the reduced number of working days over the festive period, the November Capital Issuance Statistical Release will now be published on Monday 4 January 2021
Key points
- Total gross capital issuance by UK residents was £41.6bn in October, £7.1bn higher than in September but £6.9bn lower than the previous six month average.
- Total gross bond issuance by the PNFC sector was £6.7bn in October, £2.7bn higher than in September but £0.1bn lower than the previous six month average.
- Total gross equity issuance by the OFC sector was £1.3bn in October, £1.3bn higher than in September and £1.1bn higher 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 £41.6bn in October, compared to £34.4bn in September and the previous six month average of £48.5bn (Chart 1).
- Net capital issuance was £7.7bn in October, compared to -£8.1bn in September and the previous six month average of £7.2bn (Chart 1).
- Year-to-date gross issuance was £456.4bn, £63.5bn higher than at the same point the previous year (Chart 2).
- Year-to-date net issuance was £68.7bn, £26.2bn 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 £24.2bn in October, compared to £20.0bn in September and the previous six month average of £26.8bn (Chart 4).
- Net bond issuance was £3.6bn in October, compared to -£8.1bn in September and the previous six month average of £4.0bn (Chart 4).
- The increase in net issuance was driven largely by an increase in issuance by the PNFC sector combined with a decrease in repayments by both the PNFC and MFI sectors.
Chart 4: Bond issuance by UK-residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £13.5bn in October, compared to £11.2bn in September and the previous six month average of £18.8bn (Chart 5).
- Net commercial paper issuance was £0.4bn in October, compared to -£2.9bn in September and the previous six month average of £0.4bn (Chart 5).
- The increase in net issuance was driven by an increase in issuance by the MFI sector.
Chart 5: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £3.9bn in October, compared to £3.2bn in September and the previous six month average of £2.9bn (Chart 6).
- Net equity issuance was £3.7bn in October, compared to £2.9bn in September and the previous six month average of £2.7bn (Chart 6).
- The increase in net issuance was driven by an increase in issuance by the OFC 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
- CP = Commercial paper
- Other sectors = Other sectors contains public corporations and non-profit institutions serving households
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
Next release date: 4 January 2021
