Key points
- Gross capital issuance by UK residents was £49.6 billion in November, compared to £62.8 billion in October and the previous six-month average of £68.3 billion (Chart 1).
- Net issuance was -£2.0 billion in November, compared to -£4.2 billion in October and the previous six-month average of £3.2 billion (Chart 1).
- Year to date gross issuance was £708.9 billion, £107.0 billion higher than at the same point the previous year (Chart 2) and £205.1 billion higher 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 £49.6 billion in November, compared to £62.8 billion in October and the previous six-month average of £68.3 billion (Chart 1).
- Net issuance was -£2.0 billion in November, compared to -£4.2 billion in October and the previous six-month average of £3.2 billion (Chart 1).
- Year to date gross issuance was £708.9 billion, £107.0 billion higher than at the same point the previous year (Chart 2) and £205.1 billion higher than the previous four-year average.
- Year to date net issuance was £35.9 billion, £8.1 billion lower than at the same point the previous year (Chart 3) but, £0.7 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 £24.9 billion in November, compared to £28.1 billion in October and the previous six-month average of £30.2 billion (Chart 4).
- Net bond issuance was £2.1 billion in November, compared to £3.2 billion in October and the previous six-month average of £5.8 billion (Chart 4).
- The decrease in net issuance was driven by lower issuance by the OFC and PNFC sectors this month, partly offset by a decrease in repayments by the PNFC sector.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £24.4 billion in November, compared to £33.7 billion in October and the previous six-month average of £36.6 billion (Chart 5).
- Net commercial paper issuance was -£0.3 billion in November, compared to -£3.2 billion in October and the previous six-month average of -£0.1 billion (Chart 5).
- The increase in net issuance was primarily driven by a decrease in repayments by the MFI sector, partially offset by a decrease in issuance by the same sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.3 billion in November, compared to £0.9 billion in October and the previous six-month average of £1.5 billion (Chart 6).
- Net equity issuance was -£3.8 billion in November, compared to -£4.1 billion in October and the previous six-month average of -£2.6 billion (Chart 6).
- The increase in net issuance was driven by a decrease in buybacks by the PNFC and OFC sectors, partially offset by a decrease in issuance by the PNFC 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: 28 January 2025
