U.S. Corporate And Municipal Debt Issuance Poised to Climb, CUSIP Data Shows
PRNewswire – NEW YORK – CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for August 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, shows an increase in corporate and municipal volume throughout the month of August.
CUSIP identifier requests for U.S. and Canadian corporate offerings were up 12% in August, driven largely by demand for new equity identifiers. Requests for new identifiers for domestic equity offerings climbed to 1,078 for the month, the highest monthly total since April of 2015. Orders for domestic corporate debt CUSIPs were up slightly, climbing 0.6% on a month-to-month basis in August. On a year-over-year basis, corporate debt and equity CUSIP requests for the Americas was down 8.6% through August.
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