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.
3 Uridashi bonds were launched this week, -25% vs last week and around same vs same period last year(2023-04-10 - 14-Apr). We've seen large share of smaller transactions with 67% of bonds below JPY 1BN. Fixed rates were the most popular with more than half of issuances. AUD and TRY were the only non-JPY denominated issuance with 1 bonds each. In terms of maturity, 2-3 yrs was the most common with 67% of total, followed by 1yr or below with 33%. In terms of distributors, KOYO Securities, Monex Securities, and Chugin Securities distributes 1 bonds. All bonds are sold by a single distributor. Average yield was 11.86%, highest was 27.12%. 80 bonds has been launched this year so far (-10% vs last year)
Redemption of around JPY 4BN of Uridashi bonds including HSBC Limited Index Linked (Basket) (3yr, JPY2.952BN) is expected next week (15-Apr〜21-Apr)
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.
Imperial Market Data is focused on providing users with simple, fast and intuitive interface to reach your target information. You can access multi-device, including PC, tablet and your mobile phones. You can use our API to directly access our Uridashi database from your Excel or internal applications. All data is provided in both English and Japanese.