Capital Issuance - April 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 21 May 2018

A potential issue in Capital Issuance source data suggests that repayments of commercial paper (CP) may have been underestimated since February 2018, therefore impacting any repayment series or net issuance series that includes CP

Overview

  • Gross issuance by UK residents was £33.2bn in April, £14.8bn lower than in March and £8.5bn lower than the previous six month average
  • MFI net bond issuance was -£5.1bn in April, £14.9bn lower than in March and £8.3bn lower than the previous six month average
  • PNFC net bond issuance was -£2.4bn in April, this is the third consecutive month in which we have seen negative net PNFC bond issuance.

Table A: Gross capital issuance by UK-residents (all currencies)

Sterling billions
Not seasonally adjusted

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 Jan - 21.3 8.1 10.8 0.1 5.0 1.8 3.4 0.3 2.2 4.8 1.7 43.5
Feb - 8.5 6.5 3.5 0.4 4.4 3.3 4.8 2.6 0.4 6.0 3.0 32.7
Mar - 21.4 8.3 6.9 1.2 6.3 2.5 3.5 0.9 2.8 4.4 2.5 48.0
Apr - 12.4 5.8 7.3 0.6 3.4 2.8 3.7 0.8 1.6 5.8 1.8 33.2

 

Gross capital issuance

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

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 Jan - 7.0 2.8 4.8 0.0 2.4 -0.2 0.4 -0.6 0.1 -0.1 -0.8 11.3
Feb - 1.7 4.5 1.3 0.2 2.2 0.6 1.9 1.4 -2.0 3.0 0.9 12.0
Mar - 9.9 6.4 4.6 1.0 1.9 -1.0 0.7 0.2 -0.4 1.7 0.9 19.9
Apr - -5.1 4.2 -0.8 0.4 -3.7 0.8 -3.3 0.2 -2.4 3.7 1.2 -2.0

Net capital issuance

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

Not seasonally adjusted

1 A potential issue identified in the Capital Issuance source data suggests that repayments of commercial paper (CP) may have been underestimated since February 2018. The Bank is investigating the problem with its data providers and will update the affected series at the earliest possible opportunity. This will impact any repayment series or net issuance series that includes CP.

 

ExcelGross and Net capital issuance by UK residents (all currencies)

Next release date: 20 June 2018

Further data is available in Table E3.1 of our latest Bankstats tables:

Other Bankstats tables

Further details about capital issuance data

View and download more capital issuance data

Queries

If you have any comments or queries with regard to this release please email dsd_ci@bankofengland.co.uk.

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