Key points
- Total capital issuance decreased to £31.4bn in December, falling from £36.8bn in November.
- Total capital issuance by the PNFC sector decreased to £5.6bn in December, falling from £7.7bn in November.
- Net issuance of equity across all sectors increased to £1.0bn in December. This was driven by a £1.2bn increase in gross issuance.
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 £31.4bn in December, compared to £36.8bn in November and the previous six month average of £40.9bn (Chart 1).
- Net issuance was -£1.6bn in December, compared to £3.4bn in November and the previous six month average of £4.0bn (Chart 1).
- Gross issuance for the year was £461.1bn, £0.2bn higher than the value seen for the previous year (Chart 2).
- Net issuance for the year was £44.4bn, £39.2bn lower than the value seen for 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 capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £16.8bn in December, compared to £20.7bn in November and the previous six month average of £23.9bn (Chart 4).
- Net bond issuance was -£1.3bn in December, compared to £4.0bn in November and the previous six month average of £4.6bn (Chart 4).
- The decrease in net issuance was driven by a fall in issuance across all 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 £12.9bn in December, compared to £15.6bn in November and the previous six month average of £16.2bn (Chart 5).
- Net commercial paper issuance was £-1.4bn in December, compared to £-0.2bn in November and the previous six month average of £0.8bn (Chart 5).
- The decrease in net issuance was driven by a decrease in issuance by both the MFI and OFC sectors (Chart 5).
Chart 5: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £1.7bn in December, compared to £0.5bn in November and the previous six month average of £0.8bn (Chart 6).
- Net equity issuance was £1.0bn in December, compared to £-0.4bn in November and the previous six month average of £-1.3bn (Chart 6).
- The increase in net issuance was driven by an increase in issuance by the OFC sector (Chart 6).
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: 27 February 2020