Applicant yield - Ouboshiri-mawari

Japanese: 応募者利回り - おうぼしゃりまわり

The yield when buying a newly issued bond at the issue price and holding it until the final maturity date. In other words, the yield for those who apply for fixed-income securities. If the issue price is lower than the face value, the yield is calculated by adding the face value interest rate, which is the annual interest rate on the certificate, to the redemption profit yield, and dividing the result by the issue price (this is called the final yield). → Issuer yield

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

新規発行債券を発行価格で買い，最終の償還期限まで保有したときの利回り。換言すれば確定利付証券に応募した者の利回り。発行価格が額面価格より安い場合，券面上の年利である表面利率に償還差益の利回りを加えたものを発行価格で除して計算する（これを最終利回りという）。→発行者利回り

出典　株式会社平凡社百科事典マイペディアについて　情報

<<: Wang Fuchen - Wang Fuchen

>>: "Ouhoku Poetry" - Ouhoku Poetry