Capital Issuance - July 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 August 2026

Key points

• Gross capital issuance by UK residents was £84.4 billion in July, compared to £81.2 billion in June and the previous six-month average of £73.9 billion (Chart 1).
• Net issuance was £10.3 billion in July, compared to £14.3 billion in June and the previous six-month average of £8.3 billion (Chart 1).
• The £4.0 billion decrease in net capital issuance was driven by a £7.1 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 £84.4 billion in July, compared to £81.2 billion in June and the previous six-month average of £73.9 billion (Chart 1).
• Net issuance was £10.3 billion in July, compared to £14.3 billion in June and the previous six-month average of £8.3 billion (Chart 1).
• Year to date gross issuance was £527.7 billion, £64.3 billion higher than at the same point the previous year (Chart 2). This is £138.5 billion higher than the previous four-year average.
• Year to date net issuance was £60.3 billion, £28.2 billion higher than at the same point the previous year (Chart 3). This is £41.7 billion higher than the previous four-year average.

Non seasonally adjusted

Non seasonally adjusted

Non seasonally adjusted

Bond issuance

• Gross bond issuance was £44.2 billion in July, compared to £51.3 billion in June and the previous six-month average of £39.7 billion (Chart 4).
• Net bond issuance was £10.8 billion in July, compared to £17.9 billion in June and the previous six-month average of £9.0 billion (Chart 4).
• The £7.0 billion decrease in net issuance was driven by a £7.0 billion decrease in gross issuance across all sectors.

Non seasonally adjusted

Commercial paper issuance

• Gross commercial paper issuance was £40.0 billion in July, compared to £29.6 billion in June and the previous six-month average of £33.7 billion (Chart 5).
• Net commercial paper issuance was £0.8 billion in July, compared to -£0.8 billion in June and the previous six-month average of £2.5 billion (Chart 5).
• The £1.6 billion increase in net issuance was driven by a £2.3 billion and £1.5 billion increase in net issuance by the OFC and PNFC sectors respectively, offset by a £2.2 billion decrease in net issuance by the MFI sector.

Non seasonally adjusted

Equity issuance

• Gross equity issuance was £0.1 billion in July, compared to £0.4 billion in June and the previous six-month average of £0.4 billion (Chart 6).
• Net equity issuance was -£1.4 billion in July, compared to -£2.9 billion in June and the previous six-month average of -£3.1 billion (Chart 6).
• The increase in net issuance was driven by a decrease in gross buybacks of £1.7 billion by the OFC and PNFC sectors.

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

More information

• Capital issuance by UK-residents (all currencies) - July 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

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