Monthly review for commercial paper and medium-term note market - April 2024

Published on the 17th of May 2024

Total outstanding on the NEU CP and NEU MTN market stood at €371.1 bn in April 2024 (+€30.3 bn year-on-year). This increase is essentially related to the dynamics of the NEU CP segment (+€28.3 bn year-on-year), which accounts for almost 90% of total outstanding. In this segment, financial issuers in particular saw their outstanding rise sharply (+€26.2 bn year-on-year), while outstanding of non-financial entities (corporates) showed little change (+0.5% year-on-year) to €63.8 bn. Outstanding in the NEU MTN segment rose by €1.9 bn year-on-year to €41.5 bn.
NEU CP issues by the financial sector (including ABCP issuers) fell in April 2024 to €103.8 bn from €108.2 bn the previous month. Issues by the non-financial sector (corporates) sharply increased to €33.9 bn, compared with €26.2 bn in March 2024. Public sector issuance came to €11.7bn, compared with €12.6 bn in March 2024.

Updated on the 25th of July 2024

Banque de France - Menu Principal