CUSIP ID Requests Surge in January, Signal Growing Security Issuance in 2013
CUSIP Requests for US and International Corporates and Munis Project Strong Worldwide Capital Markets Volume in Q1
NEW YORK, Feb. 11, 2013 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2013. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests strong volume in corporate and municipal bond issuance over the next 30-90 days.
CUSIP requests for new US corporate equity and debt issues increased over 14.5% in January 2013, with 1,719 new CUSIP IDs requested in the month, versus 1,501 in January 2012. The January total is down slightly on a month-to-month basis from the December 2012 total of 1,743 new CUSIP ID requests.
Municipal CUSIP requests also grew in the first month of the year, with 995 new muni identifiers requested in January 2013, a 6.1% increase over January 2012. Across all categories of public financing, including notes and partially insured offerings, municipal-related CUSIP requests were up 10.2% this month.
Internationally, debt and equity CUSIP requests have begun to show signs of a rebound in 2013, with all categories of international identifiers logging double-digit or more percentage gains from January 2013. International equity CUISP requests in January rose 12% year-over-year and international debt CUSIP requests more than doubled from last year's levels, increasing 122.2%.
"The capital markets are exhibiting all of the signs of another robust year of new debt and equity issuance," said Richard Peterson, Director, Global Markets Intelligence, S&P Capital IQ. "While the favorable interest rate environment in the US has been a consistent driver of new issuance, the same had not been true in international markets throughout 2012; we may be witnessing a turning point for international markets."
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 January 2013:
| Asset Class |
2013 ytd |
2012 ytd |
YOY Change |
| Int'l Debt1 |
220 |
99 |
122.2% |
| Long Term Note |
22 |
13 |
69.2% |
| Private Placement |
232 |
193 |
20.2% |
| US Corporates |
1,719 |
1,501 |
14.5% |
| Int'l Equity2 |
231 |
206 |
12.1% |
| CDs < 1 yr Maturity |
266 |
241 |
10.4% |
| Municipals |
995 |
938 |
6.1% |
| Short Term Note |
90 |
95 |
-5.3% |
| CDs > 1 yr Maturity |
510 |
540 |
-5.6% |
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 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
SOURCE CUSIP Global Services
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