Key points
- Gross capital issuance by UK residents was £55.2 billion in October, compared to £57.6 billion in September and the previous six-month average of £60.7 billion (Chart 1).
- Gross capital repayments fell from £62.4 billion to £52.3 billion, resulting in a £7.8 billion rise in net capital issuance from -£4.8 billion in September to £3.0 billion.
- This month’s increase in net capital issuance was more than accounted for by a £5.9 billion decrease in commercial paper repayments and a £4.0 billion decrease in bond repayments.
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 £55.2 billion in October, compared to £57.6 billion in September and the previous six-month average of £60.7 billion (Chart 1).
- Net issuance was £3.0 billion in October, compared to -£4.8 billion in September and the previous six-month average of £0.1 billion (Chart 1).
- Year to date gross issuance was £628.9 billion, £31.1 billion lower than at the same point the previous year (Chart 2).This is £126.6 billion higher than the previous four-year average.
- Year to date net issuance was £26.0 billion, £12.7 billion lower than at the same point the previous year (Chart 3).This is £7.1 billion 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 £29.2 billion in October, compared to £31.1 billion in September and the previous six-month average of £28.7 billion (Chart 4).
- Net bond issuance was £5.3 billion in October, compared to £3.3 billion in September and the previous six-month average of £3.8 billion (Chart 4).
- A decrease in bond repayments by MFIs of £3.5 billion and an increase in gross bond issuance by OFCs of £2.3 billion more than accounted for the increase in net bond issuance in October.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £25.9 billion in October, compared to £26.4 billion in September and the previous six-month average of £31.7 billion (Chart 5).
- Net commercial paper issuance was £2.4 billion in October, compared to -£3.0 billion in September and the previous six-month average of £0.3 billion (Chart 5).
- The rise in net commercial paper issuance was driven by a decrease in bond repayments of £3.4 billion by MFIs and £1.7 billion by OFCs.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.1 billion in October, compared to £0.1 billion in September and the previous six-month average of £0.3 billion (Chart 6).
- Net equity issuance was -£4.7 billion in October, compared to -£5.0 billion in September and the previous six-month average of -£4.0 billion (Chart 6).
- The increase in net equity issuance was driven by a decrease in buybacks by OFCs of £0.2 billion.
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: 29 December 2025
