For Issuers

Types of Bonds

Update : Aug. 17, 2012

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Types of bonds

The following types of securities may be listed on PRO-BOND.

•Corporate bonds issued by Japanese or foreign companies
•Bonds issued by Japanese or foreign companies in accordance with special laws
•Investment company bonds
•Foreign investment securities that are similar to investment company bonds
•Municipal bonds issued by Japanese or foreign issuers
•Specified corporate bonds issued by Japanese or foreign companies
•Beneficiary certificates of special-purpose trusts that pay a fixed dividend
•Beneficiary certificates of special-purpose trusts issued by foreign issuers
•Sovereign bonds issued by foreign governments

There are no particular restrictions on the place of issue.
Straight bonds and structured bonds that fit the definition of a corporate bond are eligible for listing, but convertible bonds and exchangeable bonds are not allowed to be listed on the PRO-BOND. Listing of Islamic bonds (Sukuk) is possible in form of a beneficiary certificate of a special-purpose trust.

Relevant regulations: Regulation 2, Paragraph9 of the Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities.

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