Tullett Prebon Information provides extensive coverage of the corporate bond marketplace. Our clients receive the most accurate data on over 3,000 instruments, from local currency bonds to Eurobond, providing them with both breadth and depth.
In its simplest form a bond is the financial obligation of an entity that has borrowed proceeds from a creditor and agreed to make payments of interest and principal at specified dates. Bonds issued by entities are typically split into two categories;
Sovereign Debt – Bonds Issued by Governments
Corporate Debt – Bonds Issued by companies
Tullett Prebon Information offers a comprehensive corporate bond package covering around 3000 local currency and Eurobonds. The data set is split between Pound Sterling (GBP) and Euro (EUR) and covers both Investment Grade (AAA - BBB-) and High Yield (BB - D) issuers. All levels of debt are incorporated including Secured (Covered Bonds & Pfandbriefe) and Unsecured (Senior & Subordinated) bonds. We provide bond prices, yields and spreads versus relevant sovereign bonds.
Our package capitalises on the strength of the Tullett Prebon European Corporate Bond broking business and the electronic trading platform, tpCREDITDEAL. The data-set is seeded with live order book data, taken directly from the trading platform.
Where no live data has been seen, a proprietary statistical model is used to price the remaining issues. Intra-day model calibration is carried out by dedicated staff and all levels are run through a robust Data Quality process.