Benchmark issue

Benchmark issue

Also called on-the-run or current-coupon issue or bellwether issue. In the secondary market, the benchmark issue is the most recently auctioned Treasury issues for each maturity.

Bellwether Issue

A bond with a coupon that is close to market rates. Interest rates on bonds vary from time to time according to a number of factors, but are usually locked at issue. A bellwether issue is one with an interest rate very near to the prevailing rates, regardless of when it was issued. Bellwether issues are also called benchmark issues and perhaps, most commonly, current coupons bonds.
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Commenting on the announcement, al khaliji's Group CEO, Fahad al Khalifa said,"This $500 million transaction was the second benchmark issue by the bank after its debut issuance in 2013." He said the bank regularly accesses capital markets under its EMTN and CP/CD programmes.
The deal is the third benchmark issue for APICORP following a highly successful Sukuk in October 2017, with over 80 per cent of the deal placed with international accounts and 36 per cent of the bonds allocated to first-time US investors, the deal went a long way towards achieving the company's diversification objectives.
GOL's benchmark issue was arranged by global coordinators BofA Merrill Lynch, Credit Suisse, and Morgan Stanley and joint bookrunners BTG Pactual, Evercore ISI, Santander, BCP Securities and Safra.
According to De Leon, the government can do a benchmark issue of between $500 million and $700 million in samurai bonds, a portion of which can also be used to finance the budget.
The inaugural Australian dollar benchmark issue is expected to attract Asia Pacific buyers.
'For the fourth time this year we have issued large liquid global dollar benchmarks, equalling ADB's largest-ever US dollar global benchmark issue at $4 billion,' said ADB Treasurer Pierre Van Peteghem in a statement received here on Thursday.
For the fourth time this year we have issued large liquid global dollar benchmarks, equalling ADBs largest-ever US dollar global benchmark issue at $4 billion, said ADB Treasurer Pierre Van Peteghem.
Emirates NBD's euro-denominated bond issuance, the first euro benchmark issue by a Gulf bank since 2007, allowed the bank to successfully broaden its European investor base.
The deal marks ADB's first global benchmark issue in the US dollar global bond market in 2015.
(NASDAQ: PCLN) said it plans to offer a benchmark issue of senior notes in an underwritten public offering.
Ford Motor Company (NYSE: F), a United States-based automaker, has sold USD750m of 3.5-year bonds in its second benchmark issue.
12, 2010, when the 10-year benchmark issue at the time finished at 0.850 percent.