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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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.
12, 2010, when the 10-year benchmark issue at the time finished at 0.
Islamic liquidity has also drawn interest from international players such as Goldman Sachs to create a $2 billion sukuk programme, following the success of HSBC Middle East's benchmark issue.
The benchmark issue will likely comprise fixed-rate and/or floating-rate notes on the three-year tranche, while the 10-year piece will bear a fixed rate, the source said.
Early yield guidance for the dual tranche benchmark issue is +200 basis points (bps) over 5-year US Treasuries for the five year tranche, and +low 200s bps over 10-year US Treasuries for the 10-year tranche, three sources said on Tuesday.
Release date- 25042009 - Raiffeisen Zentralbank Osterreich AG (RZB) yesterday successfully issued its third benchmark issue in 2009 with a volume of 1.