Markit announces launch of Markit iBoxx Contingent Convertible indexes

By Toni Weeks

San Luis Obispo, Calif., Nov. 17 – Markit Group Ltd. said it has launched Markit iBoxx Contingent Convertible indexes, a family of indexes designed to provide a broad representation of the developed and emerging market bank contingent convertible issuance in pounds sterling, euros and dollars.

According to a news release, the indexes track the performance and emergent issuance of bank additional tier 1 and tier 2 contingent convertible instruments that are Basel III compliant from Jan. 1, 2013 onwards.

The subindexes for additional tier 1 and tier 2 capital allow for detailed multidimensional analysis of the underlying bank contingent convertible market for “sophisticated performance measurement and comparison,” the release said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.