Average Rates of Issuance for Short-Term Corporate Bonds, etc.(daily)
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*1
These average rates are based on information provided to JASDEC by issuers or their agents.The rates to be published include essentially all new records applied to JASDEC. (For the applied records of non-DVP settlement, the only new records with issuers' consent (*) will be published.)
(*)Sectors including issuers who have not agreed for the publication: SPCs
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*2
These average rates are rounded down to two decimal places, after the rates calculated on each underwriting are weighted and averaged on underwriting amount of each issuer category, rating, and maturity.
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*3
Rating information is based on ratings provided by R&I and JCR (as of 4:30 p.m. on the day of bonds issuance) with priority given to R&I. Issuers not rated by either agency are excluded from calculations.
Information is displayed as follows: "<a-1+(R&I:a-1+/JCR:J-1+)>,<a-1(R&I:a-1/JCR: J-1 )>,<a-2 or lower (R&I:a-2 or lower/JCR:J-2 or lower)>"
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*4
Categories with less than three issuers, including those with no issuers, are displayed as "-" and no calculation is made.
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*5
The 'Total' column displays the average issue rate for all rated issues in each issuer category.
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*6
Financial Institutions: banks, securities companies, Shinkin banks and Labor banks. Other Financial Companies: Tanshi companies, securities finance companies, leasing companies, credit card companies, consumer finance companies, etc.
SPCs: special purpose companies, including foreign SPCs. Other: public corporation, insurance companies, investment companies (REIT), foreign business companies, joint enterprises, etc.
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*7
Data is in principle updated daily at 10:00 a.m.(Daily data: announced every business day based on data collated for CP issued on the previous day.
Weekly data: updated on the first business day of every week based on data collated for the previous week. Monthly data: updated on the first business day of every month based on data collated for the previous month)