Key points
- Gross capital issuance by UK residents was £50.8bn in October, compared to £42.0bn in September and the previous six-month average of £36.2bn (Chart 1).
- The increase in gross capital issuance by UK residents was driven by strong issuance of commercial paper which rose to £29.7bn in October, compared to £17.2bn in September and the previous six-month average of £14.8bn (Chart 5).
- Year to date net issuance was -£24.8bn, £51.9bn lower than at the same point the previous year (Chart 3).This is £79.8bn lower than the previous four-year 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 £50.8bn in October, compared to £42.0bn in September and the previous six-month average of £36.2bn (Chart 1).
- Net capital issuance was £2.9bn in October, compared to -£5.5bn in September and the previous six-month average of -£2.4bn (Chart 1).
- Year to date gross issuance was £387.3bn, £35.8bn lower than at the same point the previous year (Chart 2). This is £28.7bn lower than the previous four-year average.
- Year to date net issuance was -£24.8bn, £51.9bn lower than at the same point the previous year (Chart 3). This is £79.8bn lower than the previous four-year average.
Chart 2: Gross year to date capital issuance by UK residents (all currencies)
Non seasonally adjusted 
Bond issuance
- Gross bond issuance was £20.8bn in October, compared to £24.0bn in September and the previous six-month average of £20.7bn (Chart 4).
- Net bond issuance was -£0.5bn in October, compared to -£1.8bn in September and the previous six-month average of £1.9bn (Chart 4).
- The increase in net issuance was driven by decrease in repayments by the MFI and PNFC sectors of £3.3bn and £2.0bn respectively.
Commercial paper issuance
- Gross commercial paper issuance was £29.7bn in October, compared to £17.2bn in September and the previous six-month average of £14.8bn (Chart 5).
- This increase was driven by increases in issuance across all three major sectors, with MFI gross commercial paper issuance at £19.5bn in October, compared to £11.6bn in September and the previous six-month average of £9.3bn.
- Net commercial paper issuance was £6.9bn in October, compared to £0.7bn in September and the previous six-month average of -£0.4bn (Chart 5).
Equity issuance
- Gross equity issuance was £0.3bn in October, compared to £0.8bn in September and the previous six-month average of £0.7bn (Chart 6).
- Net equity issuance was -£3.6bn in October, compared to -£4.4bn in September and the previous six-month average of -£4.0bn (Chart 6).
- The increase in net issuance was driven by a decrease in buybacks by the PNFC and OFC sectors, partly offset by a decrease in PNFC issuance of £0.5bn.
Key:
- PNFC = Private non-financial corporations
- MFI = Monetary financial institutions
- OFC = Other financial corporations
- “Other sectors” contains public corporations and non-profit institutions serving households
- CP = Commercial paper
Revisions
In the October 2022 publication series relating to bond issuance, repayments, and net issuance were revised due to the receipt of amended data. The revisions affect July 2022.
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
Next release date: 29 December 2022
