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

Published on the 18th of June 2024

Total outstanding on the NEU CP and NEU MTN market stood at €358.8 bn in May 2024 (+€22.5 bn year-on-year). This increase is essentially related to the dynamics of the NEU CP segment (+€21.7 bn year-on-year), which accounts for almost 90% of total outstanding. NEU CP financial issuers in particular saw their outstanding rise sharply (+€13.5 bn year-on-year), while outstanding of non-financial entities (corporates) showed little change (-0.9% year-on-year) to €65.2 bn. Outstanding in the NEU MTN segment rose by €0.9 bn year-on-year to €41 bn.
NEU CP issues by the financial sector (including ABCP issuers) fell sharply in May 2024 to €76.7 bn from €103.9 bn the previous month. Issues by the non-financial sector (corporates) sharply decreased to €24.9 bn, compared with €33.9 bn in April 2024, in contrast to the public sector issuances which increase to €15.8bn, compared with €11.7 bn in April 2024.

Updated on the 25th of July 2024

Banque de France - Menu Principal