US Corporate CUSIP ID Requests Increase 19.6% in Third Quarter

Busiest Quarter Since Q208 is Harbinger of Surge in US and International Corporate Debt Issuance

Oct 18, 2010, 11:17 ET from CUSIP Global Services

NEW YORK, Oct. 18 /PRNewswire/ -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for September 2010.  The report, which tracks the issuance of new security identifiers as an early indicator of new capital creation, suggests strong, continued growth in US and international corporate debt issuance over the next 30-90 days.

According to the report, requests for new US corporate security identifiers increased 18.8 percent year-over-year, with 1705 new issuer requests made through September pushing third-quarter 2010 volume to 5,074 compared to 4,239 in 2009. The recent quarterly results for domestic corporate activity represent a 19.6 percent increase over the third quarter of 2009 and the busiest period since the second-quarter 2008 when 5,925 CUSIP identifiers were requested. Outside of the US, a total of 149 new CUSIP ID requests were made for corporate securities through September, an increase of 49.5 percent over the same period last year.  For the third quarter 2010, international debt CUSIP requests increased 37.8 percent over the third quarter of 2009.  Additionally, CUSIP ID requests for international equity are up 11.5 percent year-over-year.  

"This September was marked by a steady level of overall demand for new CUSIP identifier requests across US and international corporate issuers," said Richard Peterson, Director, S&P Valuation and Risk Strategies. "Autumn's capital markets activity will continue to grow stronger based on high level of demand we are seeing as corporations continue to capitalize on the inexpensive credit found in today's marketplace."

Following is a breakdown of new CUSIP identifier requests by asset class year-to-date through September 2010:

Asset Class

2010 ytd

2009 ytd

YOY Change

Int'l Debt(1)

1030

689

49.5%

US Corporates

14744

12410

18.8%

Int'l Equity(2)

2727

2445

11.5%

Private Placement

1615

1627

-0.7%

Municipals

11498

11836

-2.9%

Short Term Note

1307

1434

-8.9%

Long Term Note

617

690

-10.6%

CDs > 1 yr Maturity

7355

11309

-35.0%

CDs < 1 yr Maturity

2817

6416

-56.1%



(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

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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