Corporate bond average maturity (years)
Duration of bonds weighted by deal volume. Average maturities are constructed in two steps: i) the maturity of each tranche is weighted by the value of the tranche to estimate the deal level weighted-average maturity, ii) deal-level weighted average maturities are weighted again by the total value of the bond to aggregate to the country-year level.
Volume weighted average maturity of new corporate bond issuance by private entities in industries other than finance, holding companies and insurance in years.