Private Corporate Bonds¶
Format¶
PCORP:<NAME> <MATURITY DATE> <COUPON> <PRICE> SECTOR:<SECTOR> RATING:<RATING>
Examples¶
| Symbol |
|---|
PCORP:XYZ 20261115 4.5 98 SECTOR:ENERGY RATING:BB |
Not real bonds. Used for illustrative purposes.
Fields¶
| Parameter | Description |
|---|---|
<NAME> |
Company name for the private bond issuer |
<MATURITY DATE> |
String in YYYYMMDD format indicating the maturity date for the bond |
<COUPON> |
The coupon for the bond |
<PRICE> |
The bond price. Provided to calculate YTM |
<SECTOR> |
The GICS sector of the issuer |
<RATING> |
The S&P rating of the issuer |
Unlike publicly listed corporate bonds, private company bonds require the sector and rating to be explicitly provided. These, along with the bond's maturity, are used to retrieve public averages from the credit cube.