Key points
- Total capital issuance by UK residents was £44.8bn in July, £12.7bn lower than in June and £5.8bn lower than the previous six month average.
- Total bond issuance by the PNFC sector was £5.3bn in July, £7.4bn lower than in June and £0.4bn lower than the previous six month average.
- Total commercial paper issuance by the OFC sector was £3.9bn in July, £1.2bn lower than in June and £0.7bn lower than the previous six month average.
- Total equity issuance by the PNFC sector was £1.7bn in July, £2.1bn lower than June and £0.4bn 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 £44.8bn in July, compared to £57.5bn in June and the previous six month average of £50.6bn (Chart 1).
- Net issuance was -£0.3bn in July, compared to £14.8bn in June and the previous six month average of £11.5bn (Chart 1).
- Year-to-date gross issuance was £348.1bn, £80.9bn higher than at the same point the previous year (Chart 2).
- Year-to-date net issuance was £68.7bn, £37.3bn 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 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 £25.9bn in July, compared to £35.3bn in June and the previous six month average of £27.7bn (Chart 4).
- Net bond issuance was -£2.7bn in July, compared to £12.3bn in June and the previous six month average of £7.5bn (Chart 4).
- The decrease in net issuance was driven by a decrease in issuance by the PNFC sector combined with an increase 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 £17.1bn in July, compared to £18.1bn in June and the previous six month average of £20.5bn (Chart 5).
- Net commercial paper issuance was £0.7bn in July, compared to -£1.3bn in June and the previous six month average of £2.1bn (Chart 5).
- The increase in net issuance was driven by a decrease in repayments by the OFC sector.
Chart 5: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £1.8bn in July, compared to £4.0bn in June and the previous six month average of £2.4bn (Chart 6).
- Net equity issuance was £1.7bn in July, compared to £3.8bn in June and the previous six month average of £1.9bn (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.co.uk.
Next release date: 25 September 2020
Further data are available in Table E3.1 of our latest Bankstats tables.
