The format we use to display the name of a bond is as follows: “Issuer Name”, “Current Coupon Rate”, “Maturity Date (mm-yyyy)”.
The return you would get if you bought at a given price and held to maturity, expressed on an annualised basis. If the bond has embedded options (i.e. put or call options), the yield is calculated to the worst possible outcome for you.
The difference in return between an investment in a bond and an investment in a bank deposit, both with the same maturity and in the same currency, assuming the bond is held to maturity. The benchmark deposit rate used for comparison depends on the currency of the bond and is derived from fixed-term deposits available in the following countries:
- EUR – Germany
- USD – United Stated of America
- GBP – United Kingdom
- CHF – Switzerland
The deposit spread is presented in two formats:
- As an annualized percentage yield differential: This measures the annual yield difference between the bond and the bank deposit.
- As an absolute return premium: By multiplying the annualized yield differential by the bond's term and the specified investment amount, this calculation provides the cumulative extra earnings expected from investing in the bond instead of the deposit.
For the benchmark deposit rate, we use indicative bank deposit rates from central banks. When central bank statistics are significantly delayed, we rely on actual deposit rates from leading banks within the selected country where possible.
The best available clean price at which a bond can be bought.
The term 'firm price' refers to the price that closely approximates the ask price seen from brokers known to us who trade the bond. It is calculated as the average of the best ask prices at market close on the most recent trading day, from the most liquid exchanges where the bond was actively traded. Selecting this option enhances your confidence in matching the price when accessing your broker's application
Proceeds from the bond issue are used to finance environmentally friendly projects, such as reducing carbon emissions or mitigating the effects of climate change
When this option is clicked, the screener displays all Subordinated and Senior non-preferred bonds, which are more risky, in addition to the Senior and Secured bonds shown by default. Clicking this option also adds an additional 'Seniority' column to the screener.
The time to maturity of a bond from today, expressed in years.
An assessment of a borrower's creditworthiness, or the likelihood that the borrower will pay its debts and not go bankrupt.
We calculate the average publicly available bond and borrower credit rating assigned by global rating agencies and present it on a five-point scale with the following meaning:
Very Low: current average credit rating in the range of AA- and higher
Low: current average credit rating of A-, A or A+
Medium: current average credit rating of BBB-, BBB or BBB+
High: current average credit rating of BB-, BB or BB+
Very High: current average credit rating in the range of B+ and below. Bonds and borrowers that are not rated by any global rating agency also fall into this category
The country in which a borrower's main business is located, either in terms of assets or sources of income.
The high-level type of industry in which the borrower of a bond operates.
Brokers and banks known to us that allow you to trade the bond you are looking at on their platform.
The minimum denomination in which you can trade a bond. This is not relevant if the broker allows you to trade fractions of bonds (Trade Republic is an example).
International Securities Identification Number (ISIN) is a globally recognized unique identifier for a security. Click on it to copy it to the clipboard and look it up with your broker.
We offer two different types of pricing data, both calculated in-house: 'firm price' and 'indicative price'.
The 'firm price' is based on the lowest ask price from the previous day’s trading session taken from the exchanges listed below and adjusted for the liquidity level of the venue specific to the instrument.
Exchanges used to calculate the 'firm price':
- Euronext Paris
- Euronext Amsterdam
- Euronext Brussels
- Euronext Lisbon
- Euronext Dublin
- Euronext Oslo
The 'indicative price' is generated by our unique pricing model, which aggregates data from multiple sources to estimate a value for the instrument on the last trading day. This model incorporates multi-factor analysis, taking into account aspects such as trading volume at relevant venues, randomised factors and a pre-defined maximum variance.
Please note that the pricing data provided by Bondfish is proprietary and may not be redistributed without explicit permission.
The name of the organization, government, or municipal authority that has issued the bond.
The currency in which the bond is denominated. This means that you buy or sell the bonds in exchange for that currency, and receive payments from the issuer in that currency.
Interest rate, expressed in annualised terms, that an issuer must pay to holders of the bond. Interest is accrued on the par amount, not the market value.
The coupon rate may be Fixed for the life of the bond.
It may be Floating, linked to a public interest rate benchmark and change based on movements in that rate.
the bond may pay no interest at all. In this case it is called a Zero coupon bond.
Indicates how often the bond pays out its coupon.
The date on which the bond was issued by an issuer.
The date on which the bond is to be repaid in full by the borrower. After this date, the bond is no longer active and available for trading.
This is the total value of all notes in the same bond issue that are currently active or unpaid. It's found by multiplying the par amount of the bond (usually set at 1,000 euros, dollars, etc.) by the total number of those notes. The amount is displayed in the currency of the bond.
The classification of a bond that indicates the order of priority for repayment in the event of the issuer's bankruptcy:
- Secured and Senior bonds are repaid first.
- Senior Non-preferred bonds issued by financial institutions are repaid after Secured and Senior Preferred bonds.
- Subordinated and Junior Subordinated bonds are repaid last, so their holders may suffer the greatest losses if the borrower goes out of business.
Indicates whether the bond can be called by the issuer. Hover over the value to see the date and price of the next possible call.
The market parameters of the bond at which it can be sold at the time specified above.
The market parameters of the bond at which it can be purchased at the time specified above.
The annual yield differential between the bond and the corresponding bank deposit. The benchmark deposit rate used for comparison is sourced from fixed-term deposits in your designated home country, which can be updated in your Account settings.
A measure of a bond's interest rate risk. It shows how much the price of the bond will fall or rise if the level of market interest rates changes.
Netherlands