Providing latest news, data and market analysis for Uridashi and Samurai bonds to users including mtn issuers, financial institutions and hedge funds. Uridashi is retail bond market in Japan featuring structured derivative products and exotic currencies.
12 Uridashi bonds were launched this week, +200% vs last week and +100% vs same period last year(2023-10-02 - 6-Oct). Fixed rates were the most popular with more than half of issuances. INR was the most popular among non-JPY currencies with 3 bonds. In terms of maturity, 2-3 yrs was the most common with 67% of total, followed by 1yr or below with 25%. In terms of distributors, Gungin Securities distributes 4 bonds, followed by Iyogin Securities, 77 Securities, Shizugin TM Securities, and Tokai Tokyo Securities with 3 bonds. 75% of bonds are sold by multiple distributors(syndication). Average yield was 2.04%, highest was 6.52%. 200 bonds has been launched this year so far (-7% vs last year)
redemption for SEK Straight Bond (5yr, IDR75.7BN, 5.37%), redemption of around JPY 158BN of Samurai bonds including BFCM Samurai (7yr, JPY81.6BN) is expected next week (7-Oct〜13-Oct)
Majority of Uridashi bonds are either a complex structured product or in foreign currency. Our bond data, input and double-checked by experienced professionals, provides you with every useful detail of such bonds. Fixings, redemption status and verious analysis is recalculated daily throughout the lifetime of the bond.
Do you know expected redemption amount this month if Nikkei move 10% above current spot? Which FX underlying has biggest long-term exposure? Imperial Market Data has answer to every questions on Uridashi providing both numerical data and charts. We inform you every morning with latest issuance and market activities through e-mail.
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