Key points
- Gross capital issuance by UK residents was £76.5 billion in September, compared to £57.2 billion in August and the previous six-month average of £74.5 billion (Chart 1).
- Net issuance was -£1.8 billion in September, compared to £3.0 billion in August and the previous six-month average of £5.1 billion (Chart 1).
- The £4.8 billion decrease in net capital issuance reflected a £19.3 billion increase in gross issuance, alongside a £24.0 billion increase 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 £76.5 billion in September, compared to £57.2 billion in August and the previous six-month average of £74.5 billion (Chart 1).
- Net issuance was -£1.8 billion in September, compared to £3.0 billion in August and the previous six-month average of £5.1 billion (Chart 1).
- Year to date gross issuance was £662.4 billion, £88.8 billion higher than at the same point the previous year (Chart 2). This is £161.2 billion higher than the previous four-year average.
- Year to date net issuance was £62.5 billion, £39.5 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 £32.2 billion in September, compared to £27.3 billion in August and the previous six-month average of £39.8 billion (Chart 4).
- Net bond issuance was -£0.3 billion in September, compared to £6.4 billion in August and the previous six-month average of £7.4 billion (Chart 4).
- The decrease in net issuance was driven by a £7.8 billion increase in gross repayments by the MFI sector.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £43.6 billion in September, compared to £29.2 billion in August and the previous six-month average of £34.1 billion (Chart 5).
- Net commercial paper issuance was £4.2 billion in September, compared to £0.4 billion in August and the previous six-month average of £0.7 billion (Chart 5).
- The increase in net issuance was driven by a £12.2 billion increase in gross issuance by the MFI sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.6 billion in September, compared to £0.7 billion in August and the previous six-month average of £0.5 billion (Chart 6).
- Net equity issuance was -£5.7 billion in September, compared to -£3.8 billion in August and the previous six-month average of -£3.0 billion (Chart 6).
- The decrease in net issuance was driven by an increase in gross buybacks of £1.2 billion by the OFC sector.
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: 26 November 2026
