Benchmark
Bond tenors
Private (Rule 144A)European market
Years from the issue year to the maturity year.
Show the figures
| Offering route | Tranches | Median (years) | Range (years) |
|---|---|---|---|
| Private (Rule 144A) | 16 | 6.5 | 4–10 |
| European market | 12 | 7 | 1–8 |
05 / Financing terms · selected comparisons
Bond tenors.
How long the market lends for, by offering route.
Randeep Bubbra | Lawyer | Making space financeable
1–10 yrstenor at issue4 findings · data to 27 Oct 2026
- 01
33 bond tranches run from 1 to 10 years at issue; the median is 7 years.
- 02
10 run five years or less, often the first tranche of a multi-tranche deal or a floating-rate note.
- 03
Private Rule 144A deals: median 6.5 years.
- 04
European market bonds sit in the middle: median 7 years.
Selected observations from the register, not a market census, investment recommendation or legal advice. Working on a deal like these? Book 20 minutes with Randeep to see how your terms compare.