Capital Issuance - December 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 January 2019

Overview

For this publication, data for bond issuance in December 2017 were revised due to the reclassification of an issuer from other sectors to other financial corporations.  No other months’ data were affected and details of the revision are available on request.

  • Gross issuance of equity and debt securities by UK residents was £39.7bn in December, £8.4bn higher than in November, and £4.4bn higher than the previous six month average.
  • Bond issuance was £22.0bn in December, compared to £13.2bn in November, and was £2.1bn higher than the previous six month average.
  • OFC bond issuance was £15.4bn in December, £12.1bn higher than in November, and £9.2bn higher than the previous six month average.
  • PNFC bond issuance was £0.8bn in December, £0.8bn lower than in November, and £3.0bn lower than the previous six month average.
  • Net issuance of equity and debt securities by UK residents was £8.3bn in December, £12.5bn higher than in November, and £5.0bn higher than the previous six month average. 

 

Gross capital 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 B3EF B55L Z937 B53M B3EG B57L Z939 B55M B3EH B22K
2018 Sep - 13.7 6.6 4.5 0.1 8.4 2.9 7.5 0.2 4.9 2.9 2.1 39.6
Oct - 8.1 7.3 4.3 1.6 7.2 4.0 5.9 0.6 9.0 3.8 3.1 41.6
Nov - 8.3 8.5 2.4 0.8 3.3 4.2 3.1 0.5 1.6 4.1 1.3 31.3
Dec  5.7  6.5  9.6  0.2   15.4 2.9  5.7  0.9  0.8  7.2  1.6  39.7 

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

Not seasonally adjusted

Net capital issuance

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

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 B3EL B39L Z93R B42L B3EM B29L Z5ZC Z5ZD B3EN B24K
2018 Sep - 8.5 -2.0 1.8 -0.2 7.0 -1.8 4.4 -1.4 2.8 -1.5 -0.6 11.5
Oct - -1.6 -3.5 -1.2 1.4 3.4 0.4 3.1 -1.2 7.1 0.4 0.1 6.4
Nov - 3.3 -1.7 -0.3 0.4 -1.2 -0.6 -1.9 -1.5 -3.8 1.0 -2.3 -4.2
Dec  -0.1  0.2  5.9  0.1  10.0  -1.7  3.2  -0.5  -2.6  3.0  -1.6  8.3 

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

Not seasonally adjusted

ExcelCapital issuance by UK-residents (all currencies)

Next release date: 20 February 2019

Further details

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

 

Queries

If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.

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