Press Releases
NEW YORK, Dec. 12, 2013 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2013. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests an uptick in volume of U.S. corporate and municipal bond issuance and international debt and equity issuance over the next 30-90 days.
CUSIP requests for new U.S. corporate equity and debt issues posted a 1% monthly decrease in November with 1,666 new CUSIP IDs requested over the course of the month. However, on a year-over-year basis, domestic CUSIP volume is up 3.8% through November.
Municipal CUSIP requests increased for the second straight month in November with 1,020 new ID requests for the month, up 5% from October. Despite the recent trend, on a year-over-year basis, request volume for new municipal bond identifiers is down 20% through November.
Internationally, debt and equity CUSIP International Numbers (CINS) requests declined slightly this month. International equity CUSIP requests held flat at 323 in November. International debt CINS decreased slightly, falling from 226 requests in October to 220 in November. On a year-over-year basis, international equity CUSIP requests are up 23% and international debt CINS are up 26%.
"The continued slow recovery in the U.S. and Europe has been on clear display in the CUSIP request volumes over the course of this year," said Richard Peterson, Director, Global Markets Intelligence, S&P Capital IQ. "While the marketplace seems to still be stopping short of full-scale positive momentum, we are seeing underlying strength in the capital markets as we turn the corner to 2014."
To view a copy of the full CUSIP Issuance Trends report, please click here.
To view a video commentary of this month's CUSIP Issuance Trends with Richard Peterson, please click here.
Following is a breakdown of new CUSIP identifier requests by asset class year-to-date through November 2013:
|
Asset Class |
2013 ytd |
2012 ytd |
YOY Change |
|
International Debt[1] |
2,068 |
1,643 |
25.9% |
|
International Equity[2] |
2,930 |
2,391 |
22.5% |
|
CDs > 1 yr Maturity |
7,901 |
6,719 |
17.6% |
|
Long Term Notes |
580 |
536 |
8.2% |
|
Private Placement Notes[3] |
2,724 |
2,645 |
3% |
|
U.S. & Canada Corporates[4] |
19,836 |
19,112 |
3.8% |
|
Short Term Notes |
1,314 |
1,401 |
-6.2% |
|
CDs < 1 yr Maturity |
3,218 |
3,600 |
-10.6% |
|
Municipal Bonds |
12,278 |
15,406 |
-20.3% |
The CUSIP Global Services trends report is issued to the marketplace on a monthly basis. For more information, please visit www.cusip.com.
About CUSIP Global Services
For over 40 years CUSIP Global Services has provided a unique common language for identifying financial instruments across institutions, exchanges and nations, enabling financial services firms to benefit from improved operating efficiencies and substantially reduced administrative costs. CUSIP Global Services is operated by the CUSIP Service Bureau (CSB). CSB is managed on behalf of the American Bankers Association by S&P Capital IQ. For more information, visit www.cusip.com.
About The American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $13 trillion banking industry and its 2 million employees. Learn more at www.aba.com
_____________________
[1] "International" Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. debt offerings
[2] "International" Equity refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. equity offerings
[3] Private Placement Note identifiers are assigned for non-public instruments purchased by insurance companies
[4] "U.S. & Canada Corporates" totals reflect requests for both equity and debt identifiers
SOURCE CUSIP Global Services
