Key points
- Net issuance by UK residents was £15.2bn in January, compared to £0.2bn in December and the previous six-month average of £3.5bn (Chart 1).
- The increase in net issuance was driven by gross capital issuance which was £50.2bn in January, compared to £33.4bn in December and the previous six-month average of £45.0bn (Chart 1).
- Driving the increase in gross issuance was commercial paper which was £21.8bn in January, compared to £12.6bn in December and the previous six-month average of £20.5bn (Chart 3).
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 £50.2bn in January, compared to £33.4bn in December and the previous six-month average of £45.0bn (Chart 1).
- Net issuance was £15.2bn in January, compared to £0.2bn in December and the previous six-month average of £3.5bn (Chart 1).
Chart 1: Total capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £28.4bn in January, compared to £20.5bn in December and the previous six-month average of £23.9bn (Chart 2).
- Net bond issuance was £11.2bn in January, compared to £6.4bn in December and the previous six-month average of £5.7bn (Chart 2).
- The increase in net issuance was driven by an increase of £7.9bn in issuance across all sectors, which was partially offset by an increase of £5.4bn in repayments by the MFI sector.
Chart 2: Bond issuance by UK-residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £21.8bn in January, compared to £12.6bn in December and the previous six-month average of £20.5bn (Chart 3).
- Net commercial paper issuance was £6.3bn in January, compared to -£3.8bn in December and the previous six-month average of £1.0bn (Chart 3).
- The increase in net issuance was driven by increased issuance from the MFI and PNFC sectors of £7.0bn and £2.8bn respectively, combined with a decrease in repayments of £1.9bn by the OFC sector.
Chart 3: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.1bn in January, compared to £0.3bn in December and the previous six-month average of £0.5bn (Chart 4).
- Net equity issuance was -£2.3bn in January, compared to -£2.5bn in December and the previous six-month average of -£3.2bn (Chart 4).
- The increase in net issuance was driven by a decrease in buybacks of £0.4bn by the PNFC sector, which more than offset the decrease in issuance across all sectors.
Chart 4: Equity issuance by UK-residents (all currencies)
Non seasonally adjusted
Key
- PNFC = Private non-financial corporation
- MFI = Monetary financial institution
- OFC = Other financial corporation
- 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: 27 March 2023
