April CUSIP Issuance Trends Foreshadow Surge in International Debt Issuance
CUSIP Global Services Report Shows International Debt Identifier Requests Increased by 176 Percent over 2009 Figures; US Corporate Issuance up 41.2 Percent
NEW YORK, May 12 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for April 2010. The report, which tracks the issuance of new security identifiers on a sector-by-sector, asset class-by-asset class and regional basis, offers an early indicator of nascent market trends and developing hot spots of capital creation.
According to the report, new international debt issuance increased 176.1 percent year-over-year with 122 identifiers issued this April. International Equity issuance increased 11.3 percent year-over-year with 261 requests. US Corporate securities issuance rose 41.2% year-over-year for 2010 equaling the second best monthly total since June 2008 when 1814 domestic corporate CUSIP requests were recorded.
"CUSIP issuance activity further illuminates the signals we're seeing from elsewhere in the markets that the Eurozone will continue to seek debt refinancing solutions in coming months," said Richard Peterson, Director, S&P Valuation and Risk Strategies. "Perhaps as a sign of continued concern in the Eurozone, international equity requests slid to a monthly low for 2010 with only 261 identifiers issued in the month of April."
Following is a breakdown of new CUSIP identifier issuance by asset class year-to-date through April 2010:
Asset Class |
2010 ytd |
2009 ytd |
YOY Change |
|
Int'l Debt |
450 |
163 |
176.1% |
|
US Corporates |
5860 |
4151 |
41.2% |
|
Int'l Equity (1) |
1133 |
1018 |
11.3% |
|
Private Placement |
719 |
658 |
9.3% |
|
Municipals |
4331 |
4013 |
7.9% |
|
Short Term Note |
417 |
414 |
0.7% |
|
Long Term Note |
172 |
182 |
-5.5% |
|
CDs > 1 yr Maturity |
3132 |
3993 |
-21.6% |
|
CDs < 1 yr Maturity |
1131 |
3212 |
-64.8% |
|
(1) "International" Equity & Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. 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.
SOURCE CUSIP Global Services
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