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

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

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 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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