Key points
- Gross capital issuance by UK residents was £62.3 billion in June, compared to £67.5 billion in May and the previous six-month average of £61.1 billion (Chart 1).
- Net capital issuance was £2.8 billion in June, compared to £7.3 billion in May and the previous six-month average of £4.4 billion (Chart 1).
- The decrease in net capital issuance was driven by a £10.8 billion fall in net bond issuance, from £16.1 billion in May to £5.2 billion in June.
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 £62.3bn in June, compared to £67.5bn in May and the previous six-month average of £61.1bn (Chart 1).
- Net issuance was £2.8bn in June, compared to £7.3bn in May and the previous six-month average of £4.4bn (Chart 1).
- Year to date gross issuance was £394.9bn, £4.4bn higher than at the same point the previous year (Chart 2).This is £94.6bn higher than the previous four-year average.
- Year to date net issuance was £32.0bn, £7.7bn lower than at the same point the previous year (Chart 3).This is £18.8bn 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 £31.8bn in June, compared to £37.7bn in May and the previous six-month average of £29.9bn (Chart 4).
- Net bond issuance was £5.3bn in June, compared to £16.1bn in May and the previous six-month average of £7.7bn (Chart 4).
- The decrease in net issuance was driven by a fall in issuance by MFI and OFC sectors of £4.7 billion and £3.9 billion respectively, as well as a £3.8 billion and £3.5 billion rise in repayments by the PNFC and OFC sectors respectively.
Chart 4: Bond issuance by UK residents (all currencies)
Non seasonally adjusted
Commercial paper issuance
- Gross commercial paper issuance was £30.0bn in June, compared to £29.7bn in May and the previous six-month average of £30.8bn (Chart 5).
- Net commercial paper issuance was £1.4bn in June, compared to -£4.5bn in May and the previous six-month average of £0.4bn (Chart 5).
- The increase in net issuance was driven by a £6.3 billion decrease in repayments by the MFI sector.
Chart 5: Commercial paper issuance by UK residents (all currencies)
Non seasonally adjusted
Equity issuance
- Gross equity issuance was £0.6bn in June, compared to £0.1bn in May and the previous six-month average of £0.4bn (Chart 6).
- Net equity issuance was -£3.9bn in June, compared to -£4.2bn in May and the previous six-month average of -£3.7bn (Chart 6).
- The increase in net issuance was driven by an increase in gross issuance of £0.5 billion 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 August 2025
