Key points
- Total capital issuance by all UK residents was £37.6bn in April, £25.1bn lower than in March and £5.4bn lower than the previous six month average.
- Net bond issuance was -£7.3bn in April, compared to £16.6bn in March and the previous six month average of £2.0bn.
- Gross commercial paper issuance was £14.4bn in April, compared to £17.8bn in March and the previous six month average of £15.2bn.
- Gross equity issuance was £2.2bn in April, compared to £1.8bn in March and the previous six month average of £2.5bn.
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 £37.6bn in April, compared to £62.7bn in March and the previous six month average of £43.0bn (Chart 1).
- Net issuance was -£7.6bn in April, compared to £14.7bn in March and the previous six month average of £3.6bn (Chart 1).
- Year-to-date gross issuance was £181.4bn, £17.8bn lower than at the same point the previous year (Chart 2).
- Year-to-date net issuance was £12.8bn, £35.5bn lower 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 year-to-date 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 £20.9bn in April, compared to £43.1bn in March and the previous six month average of £25.3bn (Chart 4).
- Net bond issuance was -£7.3bn in April, compared to £16.6bn in March and the previous six month average of £2.0bn (Chart 4).
- The decrease in net issuance was driven primarily by a decrease in issuance across the three major sectors, combined with an increase in repayments by the MFI sector.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £14.4bn in April, compared to £17.8bn in March and the previous six month average of £15.2bn (Chart 5).
- Net commercial paper issuance was -£1.5bn in April, compared to -£2.6bn in March and the previous six month average of -£0.6bn (Chart 5).
- Net commercial paper issuance remained broadly unchanged in April, as a decrease in MFI and PNFC issuance was more than offset by a fall in repayments by the PNFC sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £2.2bn in April, compared to £1.8bn in March and the previous six month average of £2.5bn (Chart 6).
- Net equity issuance was £1.2bn in April, compared to £0.8bn in March and the previous six month average of £2.1bn (Chart 6).
- The increase in net issuance was primarily driven by an increase 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.
Next release date: 25 June 2021
