Key points
- Gross capital issuance by UK residents was £57.2 billion in August, compared to £84.4 billion in July and the previous six-month average of £76.3 billion (Chart 1).
- Net issuance was £3.0 billion in August, compared to £10.1 billion in July and the previous six-month average of £7.3 billion (Chart 1).
- The £7.2 billion decrease in net capital issuance reflected a £27.1 billion fall in gross issuance, alongside a £20.0 billion reduction in gross 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 £57.2 billion in August, compared to £84.4 billion in July and the previous six-month average of £76.3 billion (Chart 1).
- Net issuance was £3.0 billion in August, compared to £10.1 billion in July and the previous six-month average of £7.3 billion (Chart 1).
- Year to date gross issuance was £586.0 billion, £69.9 billion higher than at the same point the previous year (Chart 2). This is £142.7 billion higher than the previous four-year average.
- Year to date net issuance was £64.2 billion, £36.5 billion higher than at the same point the previous year (Chart 3). This is £43.3 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 £27.3 billion in August, compared to £44.2 billion in July and the previous six-month average of £41.4 billion (Chart 4).
- Net bond issuance was £6.4 billion in August, compared to £10.7 billion in July and the previous six-month average of £9.1 billion (Chart 4).
- The decrease in net issuance was driven by a £11.1 billion and £6.9 billion decrease in gross issuance by the MFI and OFC sectors respectively.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £29.2 billion in August, compared to £40.0 billion in July and the previous six-month average of £34.5 billion (Chart 5).
- Net commercial paper issuance was £0.4 billion in August, compared to £0.8 billion in July and the previous six-month average of £1.1 billion (Chart 5).
- The decrease in net issuance was driven by reduced net issuance in both the MFI and OFC sectors.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.7 billion in August, compared to £0.1 billion in July and the previous six-month average of £0.4 billion (Chart 6).
- Net equity issuance was -£3.8 billion in August, compared to -£1.4 billion in July and the previous six-month average of -£2.8 billion (Chart 6).
- The decrease in net issuance was driven by an increase in gross buybacks of £1.0 billion and £2.0 billion by the OFC and PNFC sectors respectively.
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: 27 October 2026
