Press Releases
NEW YORK, Aug. 14, 2014 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2014. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests continued growth in new U.S. corporate and international securities issuance and a decrease in municipal bond issuance over the next several weeks.
Total CUSIP requests for new U.S. and Canadian corporate equity and debt issues posted a 2.6% monthly increase in July versus June, with a total of 2,155 new identifiers requested over the course of the month. On a year-over-year basis, July's corporate CUSIP request volume was up 1.7% versus the same period in 2013.
Municipal CUSIP volume fell in July after five consecutive months of gains. A total of 1,011 municipal bond IDs were requested in July, down 24% from June totals. On a year-over-year basis, municipal identifier demand is down 17% through July of 2014.
International debt and equity CUSIP International Numbers (CINS) requests saw mixed results this month. Total requests for new international equity CINS grew 42% while international debt CINS requests decreased 6% from June to July. On a year-over-year basis, international equity requests are up 64% and international debt CUSIP requests are up 25% in 2014.
"Though we're seeing a distinct downward trend in municipal bond and international debt-related issuance volume, the overall capital markets picture is still very strong as we peer a little deeper into the second half of 2014," said Richard Peterson, Director, Global Markets Intelligence, S&P Capital IQ. "Clearly, actions by the Federal Reserve and European Central Bank will eventually have an impact on these numbers, but, for now, we are seeing signs of continued strength in new security issuance volume."
To view a copy of the full CUSIP Issuance Trends report, please click here.
Following is a breakdown of new CUSIP identifier requests by asset class year-to-date through July 2014:
|
Asset Class |
2014 ytd |
2013 ytd |
YOY Change |
|
International Equity1 |
2,890 |
1,758 |
64.4% |
|
International Debt2 |
1,634 |
1,303 |
25.4% |
|
CDs < 1 yr Maturity |
2,105 |
1,995 |
5.5% |
|
Private Placement Notes3 |
1,649 |
1,583 |
4.2% |
|
U.S. & Canada Corporates4 |
14,934 |
14,691 |
1.7% |
|
Short Term Notes |
785 |
783 |
0.3% |
|
CDs > 1 yr Maturity |
4,795 |
4,875 |
-1.6% |
|
Long Term Notes |
374 |
384 |
-2.6% |
|
Municipal Bonds |
8,608 |
10,019 |
-17.3% |
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
The financial services industry relies on our unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Our extensive focus on standardization over the past 45 years has helped us earn the reputation for being the trusted originator of quality identifiers and descriptive data, ensuring that essential front- and back-office functions run smoothly. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Capital IQ, with a Board of Trustees that represents the voices of leading financial institutions. 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" Equity refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. equity offerings
2 "International" Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. debt 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
