CUSIP ID Requests Project Sustained Growth in Corporate and International Debt Issuance Into 2011
US Corporate Issuance Up 22% and Muni Issuance Up 12%; International Debt Issuance Up 62%
NEW YORK, Jan. 13, 2011 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for December 2010. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests strong, continued growth in US corporate and municipal bond and international corporate debt issuance over the next 30-90 days.
In the US, corporate CUSIP demand rebounded in 2010 as requests for new securities identifiers jumped 22.6% year-over-year. The high point for the year occurred in March 2010, when 1,915 requests for US corporate CUSIPs were made. For the full year, a total of 19,310 requests were made for US corporate CUSIP identifiers. Requests for new municipal bond identifiers were up 12 percent year-over-year.
Overseas, requests for new international debt security identifiers also accelerated in 2010 with levels increasing by 62% to 1401 from 2009's total of 864. International equity CUSIP activity advanced 26% over 2009 levels with December activity increasing 25%. Additionally, CUSIP requests for private placement notes totaled 2,242 in 2010, an increase of 13% from 2009.
"The past year saw a resurgence in debt and capital markets activity, with requests for new security identifiers increasing across the board," said Richard Peterson, Director, S&P Valuation and Risk Strategies. "Using CUSIP issuance as an indicator, this positive sentiment looks to be carrying forward into the first quarter of 2011."
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 December 2010:
Asset Class |
2010 ytd |
2009 ytd |
YOY Change |
|
Int'l Debt (1) |
1401 |
864 |
62.2% |
|
US Corporates |
19310 |
15747 |
22.6% |
|
Int'l Equity (2) |
3767 |
2982 |
26.3% |
|
Private Placement |
2242 |
1981 |
13.2% |
|
Municipals |
16255 |
14490 |
12.2% |
|
Short Term Note |
1634 |
1677 |
-2.6% |
|
Long Term Note |
760 |
782 |
-2.8% |
|
CDs > 1 yr Maturity |
8997 |
13704 |
-34.3% |
|
CDs < 1 yr Maturity |
3779 |
7472 |
-49.4% |
|
(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 |
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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 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 Standard & Poor's. 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.
SOURCE CUSIP Global Services
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