Key points
- Total capital issuance by all UK residents was £43.4bn in June, £5.9bn higher than in May and £0.5bn higher than the previous six month average.
- Net capital issuance was -£5.7bn in June, compared to £4.2bn in May and the previous six month average of £2.7bn
- Net bond issuance was -£5.4bn in June, compared to £3.8bn in May and the previous six month average of £2.3bn.
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 £43.4bn in June, compared to £37.5bn in May and the previous six month average of £42.9bn (Chart 1).
- Net issuance was -£5.7bn in June, compared to £4.2bn in May and the previous six month average of £2.7bn (Chart 1).
- Year-to-date gross issuance was £264.0bn, £41.2bn lower than at the same point the previous year (Chart 2).
- Year-to-date net issuance was £13.3bn, £57.6bn lower than at the same point the previous year (Chart 3).
Bond issuance
- Gross bond issuance was £29.4bn in June, compared to £21.1bn in May and the previous six month average of £25.2bn (Chart 4).
- Net bond issuance was -£5.4bn in June, compared to £3.8bn in May and the previous six month average of £2.3bn (Chart 4).
- The decrease in net issuance was primarily driven by an increase in repayments by the MFI and OFC sectors.
Commercial paper issuance
- Gross commercial paper issuance was £12.0bn in June, compared to £14.1bn in May and the previous six month average of £15.5bn (Chart 5).
- Net commercial paper issuance was -£1.2bn in June, compared to -£0.9bn in May and the previous six month average of -£1.1bn (Chart 5).
- Net commercial paper issuance fell slightly in June, as a decrease in issuance by the PNFC and OFC sectors was largely offset by a decrease in repayments by the PNFC sector.
Equity issuance
- Gross equity issuance was £2.0bn in June, compared to £2.4bn in May and the previous six month average of £2.2bn (Chart 6).
- Net equity issuance was £1.0bn in June, compared to £1.3bn in May and the previous six month average of £1.5bn (Chart 6).
- The decrease in net issuance was driven by a fall in issuance by the PNFC sector, partly offset by an increase by the OFC sector.
Key:
- PNFC = Private non-financial corporations
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- “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.co.uk.
Next release date: 26 August 2021
