Capital Issuance - March 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 18 April 2019

Overview

  • Gross issuance of equity and debt securities by UK residents was £35.0bn in March, £4.4bn higher than in February, but £1.4bn lower than the previous six month average.
  • Bond issuance was £21.2bn in March, compared to £12.8bn in February, and was £2.7bn higher than the previous six month average.
  • MFI bond issuance was £13.2bn in March, compared to £6.9bn in February, and was £4.4bn higher than the previous six month average.
  • PNFC bond issuance was £5.5bn in March, compared to £2.5bn in February, and was £2.2bn higher than the previous six month average. 
  • Commercial paper issuance was £13.3bn in March, £2.9bn lower than in February, and was £3.4bn lower than the previous six month average. 
  • Net Equity issuance was -£1.9bn in March, compared to £0.1bn in February, and was £1.8bn 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 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
Feb   - 6.9 8.5 2.5 0.6 3.4  2.9 3.5 1.0 2.4 4.9  1.9 30.6 
Mar  13.2  7.4  5.4  0.2  2.5  2.6  2.2  0.2  5.5  3.3  5.1  35.0 

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 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
Feb  3.3 1.7 1.4 0.4 0.5 -0.7 0.3 -0.4 -3.1 1.2 -1.2 3.0 
 Mar  - 0.8  1.7  2.8  -0.0  -1.4  -0.7  -1.3  -1.9  3.5 -0.7  2.0  1.2 

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

Not seasonally adjusted

Further details

Further data is 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 dsd_ci@bankofengland.co.uk.

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