Monthly review for commercial paper and medium-term note market - April 2021

Published on 20 May 2021

n April, the outstanding amount of the overall market rebounded to € 313.3 billion, with the NEU CP reissuing rate returning to positive territory (105% in April). On the other hand, it is down over one year (-4.3%).
Financial sector issuance rates remain broadly stable, around -0.5% on all maturities up to 9 months. Corporate rates are broadly unchanged on the flagship maturities (1 and 3 months), while they are increasing over the 6 and 9 months maturities.
Evolution of issuances: the financial sector slightly reduced its issuances(-10% over the month), while those of corporates rose sharply (+ 37% over the month).

Updated on 24 October 2023