Capital Issuance - September 2026

The capital issuance statistics consist of non-government primary market issuance of bonds, commercial paper and equity, representing finance raised by UK resident entities. Published on 27 October 2026

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.

Non seasonally adjusted

Non seasonally adjusted

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.

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.

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.

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

Next release date: 26 November 2026

More information

• Capital issuance by UK-residents (all currencies) - September 2026 (XLSX 0.1MB)

Further data are available in Table E3.1 of our latest Bankstats tables.

• Bankstats tables (ZIP)Opens in a new window
• Further details about capital issuance data
• View and download more capital issuance data

Statistics // Capital issuance 27 October 2026 Statistics // UK international reserves 05 October 2026 Statistics // Banking sector regulatory capital 30 September 2026 Statistics // Effective interest rates 29 September 2026 View more Other statistics

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