June CUSIP Issuance Requests Signal Rise in US and International Corporate Debt Issuance
CUSIP Global Services Report Shows Requests for New US Corporate Security Identifiers Increased by 39.2 Percent over 2009 Figures; International Debt Issuance up 106.4 Percent
NEW YORK, July 12 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for June 2010. According to the report, June marked the second-highest monthly count for domestic corporate CUSIP ID issuance since June 2008, with a total of 1,716 new identifiers created in the one-month period. For the first-half of 2010, domestic corporate CUSIP requests rose 39.2%. Meanwhile, international debt issuance increased 106.4 percent year-over-year with 361 identifiers issued this June. International Equity issuance increased 35.9 percent year-over-year with 102 requests this June.
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
"All signs are pointing to an increase in new capital markets activity in the US and abroad," said Richard Peterson, Director, S&P Valuation and Risk Strategies. "This level of new CUSIP ID requests is an undeniable indicator that we will see a great deal of new capital creation over the next 30-90 days."
Following is a breakdown of new CUSIP identifier issuance by asset class year-to-date through June 2010:
Asset Class |
2010 ytd |
2009 ytd |
YOY Change |
|
Int'l Debt |
681 |
330 |
106.4% |
|
US Corporates |
9212 |
6618 |
39.2% |
|
Int'l Equity(1) |
1779 |
1309 |
35.9% |
|
Private Placement |
1032 |
916 |
12.7% |
|
Municipals |
7341 |
7093 |
3.4% |
|
Short Term Note |
765 |
726 |
5.4% |
|
Long Term Note |
361 |
373 |
-3.2% |
|
CDs > 1 yr Maturity |
4972 |
6721 |
-26.0% |
|
CDs < 1 yr Maturity |
1769 |
4493 |
-60.6% |
|
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 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.
(1) "International" Equity & Debt refers to market requests for CUSIP International Numbers ("CINS") for non-U.S. offerings
SOURCE CUSIP
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