Key points
- Net capital issuance was -£5.5bn in September, compared to £12.6bn in August and the previous six-month average of -£3.2bn (Chart 1).
- Net bond issuance was -£1.8bn in September, compared to £12.2bn in August and the previous six-month average of £1.4bn (Chart 4).
- Year to date net capital issuance was -£29.3bn, £47.5bn lower than at the same point the previous year (Chart 3) and £77.2bn 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 £42.0bn in September, compared to £49.5bn in August and the previous six-month average of £36.1bn (Chart 1).
- Net capital issuance was -£5.5bn in September, compared to £12.6bn in August and the previous six-month average of -£3.2bn (Chart 1).
- Year to date gross issuance was £336.4bn, £45.6bn lower than at the same point the previous year (Chart 2) and £38.5bn lower than the previous four-year average.
- Year to date net issuance was -£29.3bn, £47.5bn lower than at the same point the previous year (Chart 3) and £77.2bn lower than the previous four-year average.
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 £24.0bn in September, compared to £29.4bn in August and the previous six-month average of £20.9bn (Chart 4).
- Net bond issuance was -£1.8bn in September, compared to £12.2bn in August and the previous six-month average of £1.4bn (Chart 4).
- The decrease in net issuance was driven by a decrease in issuance by the OFC sector combined with an increase in repayments by all three major sectors.
Commercial paper issuance
- Gross commercial paper issuance was £17.2bn in September, compared to £19.8bn in August and the previous six-month average of £14.5bn (Chart 5).
- Net commercial paper issuance was £0.7bn in September, compared to £4.4bn in August and the previous six-month average of -£0.7bn (Chart 5).
- The decrease in net issuance was driven by a decrease in issuance by the MFI sector combined with an increase in repayments by the OFC and PNFC sectors.
Equity issuance
- Gross equity issuance was £0.8bn in September, compared to £0.3bn in August and the previous six-month average of £0.7bn (Chart 6).
- Net equity issuance was -£4.4bn in September, compared to -£4.0bn in August and the previous six-month average of -£3.9bn (Chart 6).
- The decrease in net issuance was driven by an increase in buybacks by the PNFC sector, more than offsetting the increase in issuance by the same (PNFC) sector.
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
Queries
If you have any comments or queries with regard to this release please email DSDSecurities@bankofengland.gsi.gov.uk.
Next release date: 25 November 2022
