Key points
- Total capital issuance by all UK-residents was £37.9bn in March, £5.7bn lower than in February and £3.5bn lower than the previous six month average.
- Gross bond issuance by the OFC sector was £5.3bn in March, £5.7bn lower than in February and £2.8bn lower than the previous six month average.
- Gross commercial paper issuance by the PNFC sector was £5.0bn in March, £0.2bn lower than in February but £0.4bn higher than the previous six month average.
In addition to the summary statistics contained within this release and the associated tables, the Bank publishes a number of more granular series; please see our Bankstats tables (E3.1) and the full list of series and interactive charts.
All sectors
- Gross capital issuance by UK-residents was £37.9bn in March, compared to £43.6bn in February and the previous six month average of £41.4bn (Chart 1).
- Net issuance was -£3.2bn in March, compared to £14.8bn in February and the previous six month average of £6.9bn (Chart 1).
- Year-to-date gross issuance at end-March was £124.0bn, £28.5bn higher than at the same point the previous year (Chart 2).
- Year-to-date net issuance at end-March was £17.7bn, £11.2bn higher than at the same point the previous year (Chart 3).
Chart 1: Total capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Chart 2: Gross year to date capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Chart 3: Net year to date capital issuance by UK-residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £20.8bn in March, compared to £26.3bn in February and the previous six month average of £24.0bn (Chart 4).
- Net bond issuance was -£2.1bn in March, compared to £12.2bn in February and the previous six month average of £5.7bn (Chart 4).
- The decrease in net issuance was largely driven by an increase in repayments by the MFI sector combined with a decrease in issuance by the OFC sector.
Chart 4: Bond issuance by UK-residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £16.1bn in March, compared to £16.3bn in February and the previous six month average of £16.6bn (Chart 5).
- Net commercial paper issuance was -£1.3bn in March, compared to £2.2bn in February and the previous six month average of £1.9bn (Chart 5).
- The decrease in net issuance was driven by an increase in repayments by both the PNFC and MFI sectors.
Chart 5: Commercial paper issuance by UK-residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £1.0bn in March the same as in February and compares to the previous six month average of £0.8bn (Chart 6).
- Net equity issuance was £0.2bn in March, compared to £0.4bn in February and the previous six month average of -£0.7bn (Chart 6).
- The decrease in net issuance was largely driven by an increase in buybacks by the PNFC sector.
Chart 6: Equity issuance by UK-residents (all currencies)
Non seasonally adjusted
Key
- PNFC = Private non-financial corporation
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- Other sectors = Other sectors contains public corporations and non-profit institutions serving households
- CP = Commercial paper
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
