Asia Index launches S&P BSE India 10 yr sovereign bond index

Tags: Stock Market
Asia Index, a joint venture of BSE and S&P Dow Jones, today launched the S&P BSE India 10-year sovereign bond index.

"The Index is also the first bond index to be launched by the recently incorporated Asia Index Pvt Ltd, signifying our commitment to providing greater index based tools for Indian investors," Asia Index CEO Alka Banerjee said in a statement issued here.

The benchmark is an Indian Sovereign bond with a fixed coupon and a remaining maturity close or equal to 10 years.

The new index would measure the performance of the benchmark 10-year Indian sovereign bond.

"For index purposes, it is typically the most liquid bond among those meeting the remaining maturity criteria," the statement added.

The index will be calculated in Indian rupees, US dollars and Qatari riyals.

In September last year, BSE and S&P Dow Jones had announced the incorporation of a joint venture company, Asia Index, to provide an array of indices enabling global and domestic investors to participate in South Asian economies.

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world's largest global resource for index-based concepts, data and research.

BSE is Asia's oldest stock exchange and home to the iconic Sensex index - a leading indicator of Indian equity market performance.

EDITORIAL OF THE DAY

  • It makes sense to highlight PM’s achievements with little noise to attract greater attention

    Are prime minister Narendra Modi and the BJP going over the top?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Kuruvilla Pandikattu

The India of our dreams

The speech “I have a dr­eam,” that Martin Luther King ...

Shona Adhikari

Head to Tate Modern for a refresher course on Bhupen Khakhar

India’s celebrated artist Bhupen Khakhar’s exhibition, titled You Can’t Please ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture