For Issuers
Issuance Procedure: Program Listings
Update : Aug. 17, 2012
Issuance Procedure: Program Listings
There are two methods for issuing bonds on PRO-BOND: program and individual listings.
About Program Listings
Q What is meant by “Program Information”? What is to be gained by presenting it? What obligations are incurred upon doing so?
Q What is the relationship between Program Information and Specified Securities Information?
Q Must we submit Program Information?
Eligibility Criteria
For issuances of bonds on PRO-BOND the following conditions need to be satisfied.
•The securities to be listed must have a rating from a rating agency
•The security firms acting as principal underwriters for the issuance must be registered on TOKYO PRO Market’s list of lead managing underwriters
Q Are there any necessary conditions for utilizing Program Information?
Listing Application Forms
Q You mean that it is possible to use some form other than Form No. 5 to submit Program Information?
Timeline for Listings
Q What is the standard schedule for a listing based on Program Information?
Standard schedule
| D-4 | Determination of terms, filing of listing application |
| D-3 | Listing approval |
| D-2 | Payment date |
| D+1 | Listing |