Key points
- Net capital issuance was -£6.1bn in February, compared to £1.6bn in January and the previous six-month average of £4.9bn (Chart 1).
- Net bond issuance was -£2.9bn in February, compared to £4.4bn in January and the previous six-month average of £4.0bn (Chart 4).
- Net equity issuance was -£2.8bn in February, compared to -£2.1bn in January and the previous six-month average of -£0.3bn (Chart 6).
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 £36.6bn in February, compared to £41.2bn in January and the previous six-month average of £41.3bn (Chart 1).
- Net capital issuance was -£6.1bn in February, compared to £1.6bn in January and the previous six-month average of £4.9bn (Chart 1).
- Year to date gross issuance was £77.8bn, £3.3bn lower than at the same point the previous year (Chart 2).
- Year to date net issuance was -£4.5bn, £10.2bn lower than at the same point the previous year (Chart 3).
Chart 2: Gross year to date capital issuance by UK residents (all currencies)
Bond issuance
- Gross bond issuance was £22.4bn in February, compared to £25.2bn in January and the previous six-month average of £24.6bn (Chart 4).
- Net bond issuance was -£2.9bn in February, compared to £4.4bn in January and the previous six-month average of £4.0bn (Chart 4).
- The decrease in net issuance was driven by an increase in repayments by the OFC and PNFC sectors combined with a decrease in gross issuance by the MFI sector.
Commercial paper issuance
- Gross commercial paper issuance was £13.7bn in February, compared to £15.6bn in January and the previous six-month average of £14.5bn (Chart 5).
- Net commercial paper issuance was -£0.4bn in February, compared to -£0.7bn in January and the previous six-month average of £1.2bn (Chart 5).
- The increase in net issuance was driven by a decrease in repayments which offset a relatively smaller decrease in issuance.
Equity issuance
- Gross equity issuance was £0.5bn in February, compared to £0.3bn in January and the previous six-month average of £2.2bn (Chart 6).
- Net equity issuance was -£2.8bn in February, compared to -£2.1bn in January and the previous six-month average of -£0.3bn (Chart 6).
- The decrease in net issuance was driven by an increase in equity repayments by the PNFC and OFC sectors.
Key:
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
Next release date: 29 April 2022
