Capital Issuance - May 2018

Capital issuance statistics consist of UK-based primary market issuance of bonds, commercial paper and equity, representing finance raised in the UK.

Published on 20 June 2018

Gross issuance by UK residents was £50.7bn in May, £16.9bn higher than in April and £10.7bn higher than the previous six month average.
PNFC net bond issuance was £11.0bn in May, £13.5bn higher than in April and £10.8bn higher than the previous six month average.
MFIs had net bond repayments of £3.1bn in May, compared with net repayments of £5.1bn in April. This compares against a net issuance of £2.4bn of the previous 6 month average.

	Gross issues by instrument and sector
	MFI				OFC					PNFC			Total
	Shares	Bonds	CP	Of which: Sterling (£)	Shares	Bonds	CP	Of which: Sterling (£)	Shares	Bonds	CP	Of which: Sterling (£)
	B53L	Z935	B49M	B69I	B55L	Z937	B53M	B72I	B57L	Z939	B55M	B73I	B22K
2018 Feb	-	8.5	7.4	3.4	0.4	4.4	3.3	4.8	2.6	0.4	6.0	3.0	33.6
Mar	-	21.4	9.5	6.9	1.2	6.3	2.5	3.6	1.0	2.8	4.4	2.6	49.2
Apr	-	12.4	6.5	7.3	0.6	3.4	2.8	3.7	0.8	1.6	5.8	1.8	33.8
May	-	9.0	9.9	5.5	0.6	9.3	3.4	9.9	1.4	13.5	3.7	2.5	50.7

Gross capital issuance

Chart 1: Gross capital issuance by UK-residents (all currencies)¹

Not seasonally adjusted

Table B: Net capital issuance by UK-residents (all currencies)¹

Sterling billions
Not seasonally adjusted

	Net issues by instrument and sector
	MFI				OFC					PNFC			Total
	Shares	Bonds	CP	Of which: Sterling (£)	Shares	Bonds	CP	Of which: Sterling (£)	Shares	Bonds	CP	Of which: Sterling (£)
	B35L	Z93P	B36L	B79I	B39L	Z93R	B42L	B64M	B29L	Z5ZC	Z5ZD	B83I	B24K
2018 Feb	-	1.7	-	-0.7	0.2	2.2	0.4	1.9	1.4	-2.0	1.3	0.8	5.6
Mar	-	9.9	4.9	3.5	1.0	1.9	-1.1	0.6	0.3	-0.4	-0.4	1.0	16.2
Apr	-	-5.1	1.0	-1.9	0.4	-3.7	0.6	-3.3	0.2	-2.4	2.5	1.2	-6.6
May	-	-3.1	3.6	2.0	-0.1	6.6	-0.2	6.8	0.4	11.0	-0.3	0.1	17.8

Net capital issuance

Chart 2: Net capital issuance by UK-residents (all currencies)¹

Not seasonally adjusted

¹An issue in Capital Issuance source data identified last month that caused an underestimation of commercial paper (CP) repayments and, to a lesser extent, CP issuance, between February 2018 and April 2018 has now been corrected and the revised data are included in this release.