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

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