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.
11 Uridashi bonds were launched this week, +83% vs last week and -39% vs same period last year(2024/05-27 - 31-May). Fixed rates were the most popular with more than half of issuances. USD was the most popular among non-JPY currencies with 3 bonds. In terms of maturity, 2-3 yrs was the most common with 55% of total, followed by 1yr or below with 27%. In terms of distributors, Iyogin Securities distributes 5 bonds, followed by Gungin Securities with 4 bonds. 45% of bonds are sold by multiple distributors(syndication). Average yield was 2.01%, highest was 5.00%. 78 bonds has been launched this year so far (-38% vs last year)
Redemption of around JPY 1.9BN of Uridashi bonds including Societe Generale Power Reverse Dual Currency (BRLJPY, 10yr, JPY1.47BN), redemption of around JPY 27BN of Samurai bonds including SCPLC Samurai (10yr, JPY20BN) is expected next week (2-Jun〜8-Jun)
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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