Key points
- Net capital issuance by UK residents was £8.4bn in June, compared to £4.4bn in May and the previous six-month average of £3.2bn (Chart 1).
- By instrument, the largest increase in net issuance was in commercial paper which was £6.1bn in June, compared to £0.9bn in May and the previous six-month average of £1.5bn (Chart 5).
- The rise in net commercial paper issuance was driven by an increase in issuance of £5.2bn by the MFI sector, combined with a decrease of £3.8bn in repayments by the same sector (Chart 5).
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 £61.9bn in June, compared to £60.3bn in May and the previous six-month average of £51.0bn (Chart 1).
- Net issuance was £8.4bn in June, compared to £4.4bn in May and the previous six-month average of £3.2bn (Chart 1).
- Year to date gross issuance was £335.3bn, £124.7bn higher than at the same point the previous year (Chart 2) and £84.4bn higher than the previous four-year average.
- Year to date net issuance was £28.6bn, £63.3bn higher than at the same point the previous year (Chart 3) and £10.4bn higher 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 £27.7bn in June, compared to £29.2bn in May and the previous six-month average of £25.1bn (Chart 4).
- Net bond issuance was £5.7bn in June, compared to £6.8bn in May and the previous six-month average of £4.7bn (Chart 4).
- The decrease in net issuance was driven by a fall in issuance of £5.5bn by the OFC sector, which was partially offset by an increase in issuance of £3.4bn by the MFI sector.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £34.0bn in June, compared to £30.7bn in May and the previous six-month average of £25.6bn (Chart 5).
- Net commercial paper issuance was £6.1bn in June, compared to £0.9bn in May and the previous six-month average of £1.5bn (Chart 5).
- The rise in net issuance was driven by an increase in issuance of £5.2bn by the MFI sector, combined with a decrease of £3.8bn in repayments by the same sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.2bn in June, compared to £0.4bn in May and the previous six-month average of £0.3bn (Chart 6).
- Net equity issuance remained at -£3.4bn in June, the same as in May and close to the previous six-month average of -£3.0bn (Chart 6).
- A decrease in issuance of £0.2bn across all sectors was offset by a fall in buybacks of £0.3bn by the PNFC sector to leave net equity issuance unchanged from the previous month.
Chart 6: Equity issuance by UK residents (all currencies)
Non seasonally adjusted
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.co.uk.
Next release date: 25 August 2023
