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Corporate Bonds - Corporate Bonds Japanese Corporate Bond...

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17-1 Corporate Bonds Japanese Corporate Bond Market Bonds issued by industrial firms or utilities Minimum issuing requirements are specified by the Ministry of Finance Bonds issued by banks to finance loans to corporation Commercial banks Long-term credit banks Mutual loan and savings banks Specialized financial institutions
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17-2 Corporate Bonds U.K. Corporate Bond Market Three Forms Debentures Unsecured loans Convertible bonds The maturity structure of the corporate bond market is fairly wide The coupon structure of corporate bonds is also broad with high-coupon bonds in the 10 to 14 percent range Almost all U.K. corporate bonds are callable
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17-3 Corporate Bonds Eurozone Corporate Bond Market Pure corporate bonds that include industrial and utility firms (about 15 percent) Securitized/collaterlized bonds that include indirect corporate borrowing (about 12 percent)
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17-4 International Bonds
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