Key points
- Total gross capital issuance by UK residents was £34.4bn in September, £4.8bn higher than in August but £14.6bn lower than the previous six month average.
- Net capital issuance by UK residents was -£8.1bn in September, £5.9bn lower than in August, largely due to a £12.0bn increase in bond repayments.
- Net bond issuance by UK residents was -£8.1bn in September, £7.9bn lower than in August and £13.1bn lower than the previous six month average.
- Equity issuance by the PNFC sector was £3.2bn in September, £3.0bn higher than in August and £0.9bn 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 £34.4bn in September, compared to £29.7bn in August and the previous six month average of £49.0bn (Chart 1).
- Net issuance was -£8.1bn in September, compared to -£2.2bn in August and the previous six month average of £8.0bn (Chart 1).
- Year-to-date gross issuance was £414.8bn, £62.1bn higher than at the same point in the previous year (Chart 2).
- Year-to-date net issuance was £61.0bn, £23.4bn higher than at the same point in 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 £20.0bn in September, compared to £15.9bn in August and the previous six month average of £26.9bn (Chart 4).
- Net bond issuance was -£8.1bn in September, compared to -£0.2bn in August and the previous six month average of £5.0bn (Chart 4).
- The decrease in net issuance was driven by an increase in repayments by the three core sectors.
Chart 4: Bond issuance by UK-residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £11.2bn in September, compared to £13.6bn in August and the previous six month average of £19.6bn (Chart 5).
- Net commercial paper issuance was -£2.9bn in September, compared to -£2.1bn in August and the previous six month average of £0.7bn (Chart 5).
- The decrease in net issuance was driven by a decrease in issuance by the OFC sector and an increase 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 £3.2bn in September, compared to £0.2bn in August and the previous six month average of £2.5bn (Chart 6).
- Net equity issuance was £2.9bn in September, compared to £0.0bn in August and the previous six month average of £2.3bn (Chart 6).
- The increase in net issuance was driven entirely by an increase in issuance by the PNFC sector, offset only slightly by an increase in buybacks 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: 26 November 2020
