Capital Issuance - January 2019

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

¹These 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

¹These 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.