Bond reference data from EDI
As part of an update Corporate Debt module, we now offer increased coverage on static reference for Bonds sourced from EDI.
On the bond universe of corporate, government and municipal bonds, 17 new data fields are made available concerning individual bond data and properties of the loan.
From thi,s you can see and analyse bonds data based on when Interest pay dates are coming up which is key to calculating accrued interest and bond valuation, reference rates for spread calculations and upcoming call dates and crucial for refinancing.
The below fields are new and is available in market view, watchlist, and Instrument level as seen in the coming examples. Data is also seamlessly integrated into the "Yield Calculator" for precise calculations on accrued interest, automatic selection of day count convention.
On the Frankfurt Floor market, you can now sort and filter the market based on when bonds may be called, their coupon spread and many others: "Fixed Income" column layout or configuration of the below can easily be done in any market or watchlist.
- Frequency
- FRN Type
- Day Count Convention
- Interest Pay Date 1-4
- Issue Currency
- Last Coupon Date
- Maturity Currency
- Redemption Type
- Redemption Price
- Issue Price
- Subordinate Bond
- Bond Main Type
- Coupon spread
- Coupon per Year
- First Interest Date
- First Coupon Date
- Next Coupon Date
On the individual instrument level, the consolidated data can be seen under "Bonds Info" on the "Details" tab:
And correspondingly in the "Bond Overview":
Coupon spread is a valuable field in gauging the spread and implicitly the risk component of cost of debt for the bond issuer beyond the considered risk-free rate. Combined with the previously mentioned Credit Ratings, you are now able to analyse risk and valuation of bonds with their inherent risk like never before in .