Corporate and municipal CUSIP application volumes slow in August

Second consecutive monthly decline in Muni volume

NEW YORK, September 20, 2021 / PRNewswire / – CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2021. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital market activity in the next quarter, found a monthly decrease in the volume of requests for new security identifiers. business and municipal.

(PRNewsfoto / S & P Global Market Intelligence)

Requests for CUSIP identifiers for the broad category of US and Canadian stocks and corporate debt fell 15.4% from July totals. The decrease was largely attributable to a drop in requests for shares of Canadian companies and Canadian company identifiers. Year over year, the volume of business CUSIP requests increased 0.1%.

Municipal monthly volume declined in August, the second consecutive monthly decline in municipal CUSIP application volume after seven straight months of increases. The aggregate total of all municipal securities – including municipal bonds, long and short-term notes and commercial paper – fell 1.7% from July totals. On an annualized basis, municipal CUSIP ID request volumes increased 2.4% through August. Texas led municipal application volume at the state level with a total of 221 new CUSIP applications in August, followed by new York with 123 and California with 81.

“It is worth noting that we are seeing a second consecutive month of declining CUSIP request volume, but it is also important to recognize that August is a historically slower month for issuers,” said Gerard Faulkner, director of operations for CGS. “We will continue to closely monitor application volumes to get a clearer picture of expected issuance activity as the fourth quarter approaches.”

CUSIP’s claims for international stocks and debt both declined in August. CUSIP applications for international equities were down 8.7% from July. International debt CUSIPs fell 0.3% on a monthly basis.

To view the full CUSIP Issuance Trends report for the month of August, Click here.

Here’s a breakdown of new CUSIP ID requests by asset class from the start of the year through August 2021:

Asset class

2021 YTD

Year 2020

YOY change

International debt

3,662

2 101

74.3%

Syndicated loans

1,913

1,179

62.3%

Canadian corporate debt and equity

3,698

2,520

46.7%

U.S. company stocks

9,790

7 156

36.8%

Private placement securities

2 428

1,916

26.7%

International actions

1,946

1,880

3.5%

American corporate debt

9 839

8,286

18.7%

Long-term municipal tickets

488

458

6.6%

Municipal bonds

9,087

8,435

7.7%

Short-term municipal banknotes

659

759

-13.2%

CD> 1 year maturity

2,771

4 970

-44.2%

CD

1,102

3,693

-70.2%

About CUSIP Global Services

The financial services industry leverages CGS’s unrivaled experience in unique identification of instruments and entities to support efficient global capital markets. The focus on standardization over the past 50 years has earned CGS its reputation as a trusted creator of quality credentials and descriptive data, ensuring that critical front and back office functions function. Regarded worldwide as the industry standard provider of reliable and timely reference data, CGS is also a founding member and cooperates with the Service Bureau of the Association of National Numbering Agencies (ANNA), a global database Security and entity identifiers for over 34 million privately traded instruments, provided by 91 national numbering agencies and 25 partner agencies representing 120 different countries. CGS is managed on behalf of the American Bankers Association (ABA) by S&P Global Market Intelligence, with a board of directors that represents the voices of major financial institutions. 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 of the nation 13 trillion dollars bank and its 2 million employees. Learn more about www.aba.com.

For more information:

Farhan Hussein
[email protected]
212-438-3271

Cision

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SOURCE CUSIP Global Services

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