Corporate and Municipal CUSIP Request Volumes Increase in February

NORWALK, Conn., March 25, 2025 (GLOBE NEWSWIRE) -- CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for February 2025. 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 strong monthly increase in request volume for new corporate and municipal identifiers.

North American corporate CUSIP requests totaled 8,103 in February, which is up 79.9% on a monthly basis. On an annualized basis, North American corporate requests were down 7.1% over February 2024 totals. The monthly increase was driven by a 112.8% rise in request volume for U.S. corporate debt identifiers, along with increases in request volume forshort-term certificates of deposit (61.6%) and longer-term certificates of deposit (19.5%).

The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 36.4% versus January totals. On a year-over-year basis, overall municipal volumes were up 17.1%. Texas led state-level municipal request volume with a total of 118 new CUSIP requests in February, followed by New York (73) and California (65).

?Corporate and municipal CUSIP requests rebounded in February after declines in January to start the year,? said Gerard Faulkner, Director of Operations for CGS. ?It will be interesting to see if the turnaround in higher request volume will be sustained amid market and economic uncertainty.?

Requests for international equity CUSIPs rose 29.2% in February and international debt CUSIP requests rose 26.2%. On an annualized basis, international equity CUSIP requests were up 20.1% and international debt CUSIP requests were up 48.7%.

To view the full CUSIP Issuance Trends report for February, please click here.

Following is a breakdown of new CUSIP Identifier requests by asset class year-to-date through February 2025:

Asset Class	2025 YTD	2024 YTD	YOY Change
Long-Term Municipal Notes	70	22	218.2%
International Debt	1,176	791	48.7%
Private Placement Securities	687	527	30.4%
Canada Corporate Debt & Equity	1,135	881	28.8%
U.S. Corporate Debt	5,020	4,068	23.4%
International Equity	275	229	20.1%
U.S. Corporate Equity	2,112	1,795	17.7%
Municipal Bonds	1,434	1,225	17.1%
Syndicated Loans	379	365	3.8%
CDs < 1-year Maturity	1,418	1,702	-16.7%
CDs > 1-year Maturity	1,183	1,546	-23.5%
Short-Term Municipal Notes	113	152	-25.7%

About CUSIP Global Services

CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS? unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA?s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit?www.cusip.com.

About The American Bankers Association

The American Bankers Association is the voice of the nation?s $24.2 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.1 trillion in deposits and extend $12.6 trillion in loans.

For More Information:

John Roderick
john@jroderick.com
+1 (631) 584.2200

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Source: CUSIP Global Services