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Corporate & Municipal CUSIP Request Volumes Surge in February
Corporate Equity and Debt Issuance Rise 43%
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NEW YORK, March 11, 2021 /PRNewswire/
CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2021. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a significant monthly increase in request volume for new corporate and municipal identifiers.
CUSIP identifier requests for the broad category of U.S. and Canadian corporate equity and debt rose 43.0% in February from last month. The monthly increase was driven largely by U.S. corporate equity and debt identifier requests, which increased by 21.2% and 111.9%, respectively. On a year-over-year basis, corporate CUSIP requests were down 25.3%, reflecting a significant year-over-year decline in January of 2021.