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  6. Types of Bonds

Listing

The following types of securities may be listed on PRO-BOND.

  • Corporate bonds issued by Japanese or foreign companies
  • Bonds issued by Japanese or foreign companies in accordance with special laws
  • Investment company bonds
  • Foreign investment securities that are similar to investment company bonds
  • Municipal bonds issued by Japanese or foreign issuers
  • Specified corporate bonds issued by Japanese or foreign companies
  • Beneficiary certificates of special-purpose trusts that pay a fixed dividend
  • Beneficiary certificates of special-purpose trusts issued by foreign issuers
  • Sovereign bonds issued by foreign governments

There are no particular restrictions on the place of issue.
Straight bonds and structured bonds that fit the definition of a corporate bond are eligible for listing, but convertible bonds and exchangeable bonds are not allowed to be listed on the PRO-BOND.
Listing of Islamic bonds (Sukuk) is possible in form of a beneficiary certificate of a special-purpose trust (Relevant regulations: Rule 2, Paragraph 9 of the Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities).