Capital Issuance - March 2019

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.

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

Not seasonally adjusted

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