Market News

Sep. 28, 2015 TSE Initial listing approved (TOKYO PRO-BOND Market): Mizuho Bank, Ltd. to List THB-Denominated Foreign Bond

Today, Tokyo Stock Exchange approved the application by Mizuho Bank, Ltd. for listing of a THB-denominated bond with a total value of THB 3 billion (tenor: 3 years, coupon: 2.33%) on the professional-oriented TOKYO PRO-BOND Market.

This marks the first listing of a THB-denominated bond on TOKYO PRO-BOND Market and the first issue under ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF), which is aimed at facilitating cross-border bond issuance and investment in Asia.

AMBIF is a policy initiative under the Asian Bond Markets Initiative endorsed by the finance ministries and central banks of ASEAN+3 countries. Since its proposal in September 2010, the framework has been discussed in the ASEAN+3 Bond Market Forum led by Asian Development Bank.
As a forum member, we will pursue initiatives to further the AMBIF as we contribute to the development of the Asian bond market.

Details on the issuance conditions of the bond can be found on the TOKYO PRO-BOND Market website.

About TOKYO PRO-BOND Market

TOKYO PRO-BOND Market was established in May 2011 as a professional-oriented bond market based on the "Professional-oriented Market Rules" introduced in an amendment to the Financial Instruments and Exchange Act in 2008. The market implements program listing, the standard form of corporate bond issuance in overseas markets, and English-only information disclosure. Program listing refers to a system where the fund-raising issuer registers the possible issuance amount, basic information, and financial information on TOKYO PRO-BOND Market as program information, following which it is able to issue bonds as needed within the estimated issuance amount. The market's highly flexible rules offer efficient bond issuance through simplified disclosure documents, and convenient formal requirements, such as acquiring a credit rating as the listing eligibility requirements for program information and individual bonds and securing a lead underwriter(s) specified by the exchange.