Key points
- Gross capital issuance by UK residents was £80.2 billion in January, compared to £34.1 billion in December and the previous six-month average of £58.9 billion (Chart 1).
- The rise in gross capital issuance was primarily driven by commercial paper issuance, where issuance rose from £13.8 billon in December to £44.0 billion in January.
- Net capital issuance by UK residents was £11.8 billion in January, compared to -£3.0 billion in December and the previous six-month average of -£1.0 billion (Chart 1).
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 £80.2 billion in January, compared to £34.1 billion in December and the previous six-month average of £58.9 billion (Chart 1).
- Net issuance was £11.8 billion in January, compared to -£3.0 billion in December and the previous six-month average of -£1.0 billion (Chart 1).
Chart 1: Total capital issuance by UK residents (all currencies)
Non seasonally adjusted
Bond issuance
- Gross bond issuance was £36.1 billion in January, compared to £19.6 billion in December and the previous six-month average of £26.1 billion (Chart 2).
- Net bond issuance was £11.4 billion in January, compared to £2.0 billion in December and the previous six-month average of £3.3 billion (Chart 2).
- The rise in net issuance was driven by increases in issuance of £12.5 billion and £3.0 billion by the MFI and OFC sectors respectively, partially offset by increases in repayments of £4.8 billion and £2.4 billion by the same sectors respectively.
Chart 2: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £44.0 billion in January, compared to £13.8 billion in December and the previous six-month average of £32.3 billion (Chart 3).
- Net commercial paper issuance was £4.0 billion in January, compared to -£2.3 billion in December and the previous six-month average of -£0.5 billion (Chart 3).
- The increase in net issuance was driven by a rise in issuance of £27.1 billion by the MFI sector and £3.0 billion by the OFC sector.
Chart 3: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.1 billion in January, compared to £0.7 billion in December and the previous six-month average of £0.5 billion (Chart 4).
- Net equity issuance was -£3.6 billion in January, compared to -£2.7 billion in December and the previous six-month average of -£3.8 billion (Chart 4).
- The fall in net issuance was driven by decreases in issuance of £0.3 billion by both the PNFC and OFC sectors respectively, combined with an increase in buybacks of £0.2 billion by the OFC sector.
Chart 4: 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 March 2025
