Capital Issuance - January 2019

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 February 2019

Overview

  • Gross issuance of equity and debt securities by UK residents was £35.1bn in January 2019, £4.6bn lower than in December 2018, and £0.3bn lower than the previous six month average.
  • Bond issuance was £11.9bn in January 2019, compared to £22.0bn in December 2018, and was £7.4bn lower than the previous six month average.
  • MFI bond issuance was £9.8bn in January 2019, compared to £5.7 in December 2018, and £0.8bn higher than the previous six month average.
  • Commercial paper issuance was £23.1bn in January 2019, compared to £16.6bn in December 2018, and was £8.3bn higher than the previous six month average. This was driven by the MFI sector with several issuers issuing debt in excess of £1.0bn.
  • Equity issuance was £0.1bn in January 2019, £1.0bn lower than December 2018 and was £1.3bn lower 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 (£)1		 Shares Bonds CP Of which:
Sterling (£)1		 Shares Bonds CP Of which:
Sterling (£)		  
  B53L Z935 B49M B3EF B55L Z937 B53M B3EG B57L Z939 B55M B3EH B22K
2018 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 2.0 0.2 15.4 2.9 13.3 0.9 0.8 7.2 1.6 39.7
2019 Jan - 9.8 11.7 8.2 0.0 1.2 4.2 1.3 0.1 0.9 7.1 1.0 35.1

1 These series have been revised in this publication due to a misclassification in the December 2018 publication. This impacts data shown in these tables only and details of the revision are available on request.

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 (£)1		 Shares Bonds CP Of which:
Sterling (£)1		 Shares Bonds CP Of which:
Sterling (£)		  
  B35L Z93P B36L B3EL B39L Z93R B42L B3EM B29L Z5ZC Z5ZD B3EN B24K
2018 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 -1.7 0.1 10.0 -1.7 10.8 -0.5 -2.6 3.0 -1.6 8.3
2019 Jan - 1.0 6.3 3.3 -0.1 -3.2 0.5 -1.0 -1.1 0.2 3.8 -0.8 7.4

1 These series have been revised in this publication due to a misclassification in the December 2018 publication. This impacts data shown in these tables only and details of the revision are available on request.

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

Not seasonally adjusted

ExcelCapital issuance by UK-residents (all currencies)

Next release date: 20 March 2019

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

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