Jul 22 2015
    Results of the 2015 iBoxx Annual Index Review

    Markit announces results of the 2015 iBoxx Annual Index Review

    Following the Markit iBoxx Annual Index Review in May and June 2015, Markit is pleased to announce the following changes and clarifications of its index rules. All amendments have been discussed with, and approved by, the Markit iBoxx European Oversight Committee.

      1. Eligibility of new Tier 2 bonds under Basel III
      Subordinated bank debt regarded as Tier 2 capital under the capital adequacy requirements of Basel III continues to be eligible for the Markit iBoxx Benchmark indices. Certain securities feature an option of the issuer to convert the bonds into equity when the issuer reaches the point of non-viability. These bonds are also deemed as eligible for the Markit iBoxx Benchmark indices. As the point of non-viability is the point where the steering of a bank is taken over by regulators, this equity option only comes into play as a resolution measure and is not applicable in the regular course of business.

      This rule clarification is effective immediately.


      2. Floating Rate Notes (FRNs) – Eligibility of caps and floors

      The Markit iBoxx USD Liquid FRN Investment Grade Corporates 100 index was launched in May 2015 and the Markit iBoxx EUR Floating Rate Note Investment Grade Capped indices were launched in June 2015. Floating rate notes with caps/floors are currently excluded from the index rules. There is, however, a growing number of FRNs with floors at 0%. Further to that, Markit has noticed several FRNs that have their interest rate capped in line with the applicable usury laws. After consulting the Oversight Committee, Markit has decided to make FRNs with a floor at 0% as well as FRNs that are capped at the rate of the applicable usury laws eligible for the Markit iBoxx FRN indices.

      This rule change will be effective immediately.


      3. Transaction cost treatment of identifier changes

      For voluntary exchanges of 144A/RegS securities into global securities, Markit currently accounts for transaction cost when the identifiers changes. The exchanged bond leaves the index at the bid price and the new security enters the index at the ask price. Markit has decided to change the process in that it will no longer account for transaction costs when a voluntary debt exchange takes place. Mandatory debt exchanges are already applied to our indices without transaction costs.

      The timeframe for the implementation will be made available in a separate announcement.

      For further information please contact iBoxx@markit.com

    Jul 17 2015
    CVBX Stock Exchange Delisting - Effective 7/20/2015

    CVBX Stock Exchange Delisting - Effective 7/20/2015


    Series Bond CUSIP Bond ISIN Equity ISIN Issuer Name Effective Date Announcement
    S9, S10 02076XAE2 US02076XAE22 US02076X1028 Alpha Natural Resources Inc 7/20/2015 Delisted from stock exchange - Bond will be removed from S9 and S10
    S10,S11 02076XAF9 US02076XAF96 US02076X1028 Alpha Natural Resources Inc 7/20/2015 Delisted from stock exchange - Bond will be removed from S10 and S11

    Jul 10 2015
    Restatement of Markit iBoxx Global Corporate LQ 150 IG & Markit iBoxx Global Developed Markets LQ HY 100 Capped

    The daily indices and underlyings files for the indices listed below have been restated for the time period July 1st 2015 - July 9th 2015.

    The EOM components files for June 30th 2015 have also been restated.

    The two indices restated are:

    • Markit iBoxx Global Corporate Liquid 150 Investment Grade
    • Markit iBoxx Global Developed Markets Liquid High Yield 100 Capped

    The restated files can be found on our FTP server in the following folders:

    • iboxx_custom_indices\B150501\COMPONENTS
    • boxx_custom_indices\B150501\INDICES
    • iboxx_custom_indices\B150501\UNDERLYINGS
    • iboxx_custom_indices\B150502\COMPONENTS
    • iboxx_custom_indices\B150502\INDICES
    • iboxx_custom_indices\B150502\UNDERLYINGS

    The files are being restated due to an incorrect calculation of the accumulated cash position at the end of June 2015. This resulted in the incorrect weights being assigned to bonds during the rebalance process.

    For further information please contact iBoxx@markit.com

    Jul 08 2015
    Republication of Markit iBoxx ABF Indices

    The Markit iBoxx ABF index files for dates June 30th 2015 to July 7th 2015 have been reposted on our FTP server here:

    IBOXX_ABF/ABF_EOD_INDICES

    Due to a technical issue, the two indices below were not listed in the original files:

    Index ISIN Index Name
    GB00BYSZRW53 Markit iBoxx ABF Pan-Asia Net of Tax USD Hedged
    GB00BWWYV885 Markit iBoxx ABF Pan-Asia Net of Tax USD Unhedged

    If you require any further information, please contact iBoxx@markit.com


    Jul 07 2015
    Annual review of target bond constituent distribution per currency for Markit iBoxx Global Corporates Liquid 150 Capped and Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped indices

    As per the existing index rules, Markit is announcing the results of the annual review of the target bond constituent distribution per currency within the Markit iBoxx Global Corporates Liquid 150 Capped and Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped indices.
    Following the exchange rates developments during the last year, the number of securities per currency within the indices will be adjusted as follows:
    Index Valid From Valid To EUR GBP USD
    Markit iBoxx Global Corporates Liquid 150 Capped 31-Jul-09 31-Jul-15 45 15 90
    Markit iBoxx Global Corporates Liquid 150 Capped 31-Jul-15 40 10 100
    Index Valid From Valid To EUR GBP USD CAD
    Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped 31-Jul-09 31-Dec-11 30 0 70 0
    Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped 31-Jan-12 31-Jul-15 30 5 60 5
    Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped 31-Jul-15 20 5 70 5

    The new target bond constituent distributions per currency will be applied in the rebalancing at the end of July 2015.
    The updated index guides can be accessed under http://www.markit.com/Documentation/Product/IBoxx

    For more information, please contact us at iBoxx@markit.com.

    Jul 02 2015
    Restatement of Markit iBoxx EUR High Yield, EUR Liquid High Yield and Global Developed Markets High Yield indices and sub-indices

    Due to a price change for bond XS1078807390, the following daily indices and underlyings files have been republished:

    iBoxx EUR High Yield index:
    iboxx_eur_hy_eod_underlyings_cumcrossover_20150701.csv
    iboxx_eur_hy_eod_underlyings_excrossover_20150701.csv
    iboxx_eur_hy_eod_indices_20150701.csv

    iBoxx EUR Liquid High Yield index:
    iboxx_eur_hy_lq_eod_underlyings_20150701.csv
    iboxx_eur_hy_lq_eod_indices_20150701.csv

    iBoxx Global Developed Markets High Yield indices:
    iboxx_GblDevHy_eod_underlying_20150701.csv
    iboxx_GblDevHyExUSD_eod_underlying_20150701.csv
    iboxx_GblDevHyCapped_eod_underlying_20150701.csv
    iboxx_GblDevHyExUSD_eod_indices_20150701.csv
    iboxx_GblDevHy_eod_indices_20150701.csv
    iboxx_GblDevHyCapped_eod_indices_20150701.csv

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com.

    Jul 02 2015
    Restatement of the Markit iBoxx EUR Benchmark XREF file


    INDICES

    Please note that the three Markit iBoxx EUR XREF files had to be restated due a technical issue. The three newly published
    files
    XREF files are now available in the following folders:

    /IBOXX_EUR/EUR_EOM_XREF
    /IBOXX_EUR/EUR_EOM_XREF/Collateralized
    /IBOXX_EUR/EUR_EOM_XREF/MID

    The covered bond with the ISIN PTBCUB1E0005, issued by Banco Comercial Portugues SA, was only shown as a
    constituent of the iBoxx € Overall index in the previously published XREF files for July 2015. The referenced bond has now
    been updated in all of the relevant sub-indices.

    For more information, please contact us at iBoxx@markit.com





    Jul 01 2015
    Restatement of Markit iBoxx EUR Liquid EOM Components file

    Due to a technical issue, the index weights for one index in the Markit iBoxx EUR LQ EOM Components file were incorrect.

    The issue has been resolved and the following file has been republished:

    iBoxx EUR Liquid index:
    iboxx_eur_lq_eom_components_201507.csv

    The details of the affected index are as follows:

    Index ISIN_CPi Index ISIN_TRi Index Name
    DE000A0QZJW6 DE000A0QZJX4 Markit iBoxx EUR Liquid Non-Financials Diversified Index
    For more information please contact iboxx@markit.com

    Jun 30 2015
    Restatement of Markit iBoxx EUR High Yield, EUR Liquid High Yield and Global Developed Markets High Yield indices and sub-indices

    Due to price changes for bonds XS1063837741, XS1028945704 and XS1205619288, the following daily indices and underlyings files have been republished:

    iBoxx EUR High Yield index:
    iboxx_eur_hy_eod_underlyings_cumcrossover_20150629.csv
    iboxx_eur_hy_eod_underlyings_excrossover_20150629.csv
    iboxx_eur_hy_eod_indices_20150629.csv

    iBoxx EUR Liquid High Yield index:
    iboxx_eur_hy_lq_eod_underlyings_20150629.csv
    iboxx_eur_hy_lq_eod_indices_20150629.csv

    iBoxx Global Developed Markets High Yield indices:
    iboxx_GblDevHy_eod_underlying_20150629.csv
    iboxx_GblDevHyExUSD_eod_underlying_20150629.csv
    iboxx_GblDevHyCapped_eod_underlying_20150629.csv
    iboxx_GblDevHyExUSD_eod_indices_20150629.csv
    iboxx_GblDevHy_eod_indices_20150629.csv
    iboxx_GblDevHyCapped_eod_indices_20150629.csv

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com.

    Jun 30 2015
    Restatement of Markit iBoxx USD Leveraged Loans indices

    Due to a reprocessing of loan pricing data for June 29th 2015, the following daily indices and underlyings files have been republished:

    Markit iBoxx USD Leveraged Loans Index
    /IBOXX_CUSTOM_INDICES/B012610
    markit_iboxx_usd_lev_ln_eod_indices_20150629.csv
    markit_iboxx_usd_lev_ln_eod_underlyings_20150629.csv

    Markit iBoxx USD Liquid Leveraged Loan Index
    /IBOXX_CUSTOM_INDICES/B012611
    markit_iboxx_usd_liquid_100_lev_ln_eod_indices_20150629.csv
    markit_iboxx_usd_liquid_100_lev_ln_eod_underlyings_20150629.csv

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com

    Jun 24 2015
    Markit iBoxx Liquid USD Convertible index series, Corporate Action Announcement

    Markit iBoxx Liquid USD Convertible index series, Corporate Action Announcement:

    Series Bond CUSIP Bond ISIN Equity ISIN Issuer Name Effective Date Announcement Current RP New RP Applied Price Total Cash (USD)
    S11 00184XAA3 US00184XAA37 US00184X1054 AOL Inc 06/23/2015 Acquisition - Bond will be removed from index Series 11 1 0 107.1006 250,940,161.53
    S12 00184XAA3 US00184XAA37 US00184X1054 AOL Inc 06/23/2015 Acquisition - Bond will be removed from index Series 12 1 0 107.1006 245,208,709.57

    For more information please contact iBoxx@markit.com

    Jun 17 2015
    Restatement of iBoxx EUR HY, EUR Liquid HY and Global HY indices

    Please note that due to a restated price level for the bond FR0011125442 (CEIFP 4.625% 05/10/2017), for valuation date June 16th 2015, the underlying and indices files for the Markit iBoxx Euro High Yield index, Markit iBoxx Euro Liquid High Yield index and the Markit iBoxx Global High Yield index have been restated.
    Identifier Date Value Prior Price Updated Price
    FR0011125442 16-Jun-2015 Bid 101.75 103.75

    Affected files are listed below:
    iBoxx EUR HY Files
    /IBOXX_EUR_HY/EUR_HY_EOD_INDICES/iboxx_eur_hy_eod_indices_20150616.csv
    /IBOXX_EUR_HY/EUR_HY_EOD_UNDERLYINGS/iboxx_eur_hy_eod_underlyings_excrossover_20150616.csv

    iBoxx EUR Liquid HY Files
    /IBOXX_EUR_HY_LQ/IBOXX_EUR_HY_LQ_EOD/iboxx_eur_hy_lq_eod_indices_20150616.csv
    /IBOXX_EUR_HY_LQ/IBOXX_EUR_HY_LQ_EOD/iboxx_eur_hy_lq_eod_underlyings_20150616.csv

    iBoxx Global HY Files
    /IBOXX_GLOBALHY/INDICES/iboxx_GblDevHy_eod_indices_20150616.csv
    /IBOXX_GLOBALHY/INDICES/iboxx_GblDevHyExUSD_eod_indices_20150616.csv
    /IBOXX_GLOBALHY/INDICES/iboxx_GblDevHyCapped_eod_indices_20150616.csv
    /IBOXX_GLOBALHY/UNDERLYINGS/iboxx_GblDevHyExUSD_eod_underlying_20150616.csv
    /IBOXX_GLOBALHY/UNDERLYINGS/iboxx_GblDevHy_eod_underlying_20150616.csv
    /IBOXX_GLOBALHY/UNDERLYINGS/iboxx_GblDevHyCapped_eod_underlying_20150616.csv

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com

    Jun 09 2015
    Restatement of Markit iBoxx USD Leveraged Loans indices



    INDICES

    Restatement of Markit iBoxx USD Leveraged Loans indices

    Due to a reprocessing of loan pricing data for June 8th 2015, the following daily indices and underlyings files have been republished:

    Markit iBoxx USD Leveraged Loans Index
    /IBOXX_CUSTOM_INDICES/B012610
    markit_iboxx_usd_lev_ln_eod_indices_20150608.csv
    markit_iboxx_usd_lev_ln_eod_underlyings_20150608.csv

    Markit iBoxx USD Liquid Leveraged Loan Index
    /IBOXX_CUSTOM_INDICES/B012611
    markit_iboxx_usd_liquid_100_lev_ln_eod_indices_20150608.csv
    markit_iboxx_usd_liquid_100_lev_ln_eod_underlyings_20150608.csv

    The newly published files are now available on our FTP server.

    For more information, please contact us at iBoxx@markit.com

    Jun 09 2015
    Corporate Actions Notification of changes in the Markit iBoxx Liquid USD Convertible bond index

    Corporate Actions Notification of changes in the Markit iBoxx Liquid USD Convertible bond index series:

    Series Bond CUSIP Bond ISIN Equity ISIN Issuer Name Effective Date Announcement New Bond CUSIP New Bond ISIN
    S11, S12 98426TAA4 US98426TAA43 US98426T1060 YY Inc 6/9/2015 Bond CUSIP/ISIN Change 98426TAB2 US98426TAB26
    S11, S12 43739QAA8 US43739QAA85 US43739Q1004 HomeAway Inc 6/9/2015 Bond CUSIP/ISIN Change 43739QAB6 US43739QAB68

    For more information, please contact us at iBoxx@markit.com.

    Jun 03 2015
    Republication of Markit iBoxx USD Benchmark indices

    Due to missing benchmark spread data for the Markit iBoxx USD Benchmark indices, the following files have been republished for May 29th 2015:

    iboxx_usd_eod_indices_20150529.csv
    iboxx_usd_eod_underlyings_20150529.csv

    The following fields in the USD EOD indices file have been updated:

    Annual Index Benchmark Spread
    Semi-annual Index Benchmark Spread
    Annual Benchmark Spread to BM-Curve
    Semi-annual Benchmark Spread to BM-Curve

    The index levels for May 29th 2015 were unaffected by these changes to the benchmark spread data. Only the data points mentioned above have changed.

    The newly published files are now available on our FTP server in the following folders:

    /IBOXX_USD/USD_EOD_INDICES
    /IBOXX_USD/USD_EOD_UNDERLYINGS

    For more information please contact iBoxx@markit.com

    Jun 02 2015
    Restatement of Markit iBoxx EUR High Yield, EUR Liquid High Yield and Global Developed Markets High Yield indices




    Restatement of Markit iBoxx EUR High Yield, EUR Liquid High Yield and Global Developed Markets High Yield indices and sub-indices

    Due to a price change for bond XS1205619288, the following June components files and daily indices and underlyings files have been republished:

    iBoxx EUR High Yield index: \IBOXX_EUR_HY
    iboxx_eur_hy_eom_components_cumcrossover_201506.csv
    iboxx_eur_hy_eom_components_excrossover_201506.csv
    iboxx_eur_hy_eod_underlyings_cumcrossover_20150601.csv
    iboxx_eur_hy_eod_underlyings_cumcrossover_20150531.csv
    iboxx_eur_hy_eod_underlyings_excrossover_20150601.csv
    iboxx_eur_hy_eod_underlyings_excrossover_20150531.csv
    iboxx_eur_hy_eod_indices_20150601.csv
    iboxx_eur_hy_eod_indices_20150531.csv

    iBoxx EUR Liquid High Yield Index: \IBOXX_EUR_HY_LQ
    iboxx_eur_hy_lq_eom_components_201506.csv
    iboxx_eur_hy_lq_eod_underlyings_20150601.csv
    iboxx_eur_hy_lq_eod_indices_20150601.csv

    iBoxx Global Developed Markets High Yield indices: \IBOXX_GLOBALHY
    iboxx_GblDevHyexusd_eom_components_201506.csv
    iboxx_GblDevHy_eom_components_201506.csv
    iboxx_GblDevHyCapped_eom_components_201506.csv
    iboxx_GblDevHy_eod_underlying_20150601.csv
    iboxx_GblDevHyExUSD_eod_underlying_20150601.csv
    iboxx_GblDevHyCapped_eod_underlying_20150601.csv
    iboxx_GblDevHyExUSD_eod_indices_20150601.csv
    iboxx_GblDevHy_eod_indices_20150601.csv
    iboxx_GblDevHyCapped_eod_indices_20150601.csv

    For more information, please contact us at iBoxx@markit.com

    Jun 02 2015
    New Versions of Markit CDX HY Issued due to Credit Event on Sabine Oil & Gas

    A credit event has been confirmed for Sabine Oil & Gas Corporation by the ISDA Determinations Committee. New versions for the impacted series of the Markit CDX HY index have been issued with an annex date of 03 June 2015. The new RED codes are as follows:
    Index Name Index RED Code
    Dow Jones CDX.NA.HY.4-V20 2I65BRLV0
    Dow Jones CDX.NA.HY.5-V23 2I65BRLW8
    Dow Jones CDX.NA.HY.6-V21 2I65BRLX6
    Dow Jones CDX.NA.HY.7-V21 2I65BRLY4
    CDX.NA.HY.8-V24 2I65BRLZ1
    CDX.NA.HY.9-V26 2I65BRMA5
    CDX.NA.HY.10-V25 2I65BRMB3
    CDX.NA.HY.11-V25 2I65BRMC1
    CDX.NA.HY.12-V16 2I65BRMD9
    CDX.NA.HY.13-V10 2I65BRME7
    CDX.NA.HY.14-V9 2I65BRMF4
    CDX.NA.HY.15-V9 2I65BRMG2
    CDX.NA.HY.16-V9 2I65BRMH0
    CDX.NA.HY.17-V9 2I65BRMI8
    CDX.NA.HY.18-V6 2I65BRMJ6
    CDX.NA.HY.19-V5 2I65BRMK3
    CDX.NA.HY.20-V5 2I65BRML1
    CDX.NA.HY.21-V5 2I65BRMM9
    CDX.NA.HY.22-V5 2I65BRMN7
    CDX.NA.HY.23-V4 2I65BRMO5
    CDX.NA.HY.24-V2 2I65BRMP2
    CDX.NA.HY.B.14-V3 2I65BSGA0
    CDX.NA.HY.B.15-V3 2I65BSGB8
    CDX.NA.HY.B.16-V2 2I65BSGC6
    CDX.NA.HY.B.17-V2 2I65BSGD4
    CDX.NA.HY.B.19-V4 2I65BSGE2
    CDX.NA.HY.B.20-V2 2I65BSGF9
    CDX.NA.HY.B.21-V2 2I65BSGG7
    CDX.NA.HY.B.22-V2 2I65BSGH5
    CDX.NA.HY.B.23-V2 2I65BSGU6
    CDX.NA.HY.BB.18-V2 2I65BVCK5

    Jun 01 2015
    Introduction of the Markit iBoxx EUR Cyprus index

    As of May 2015 there is eligible issuance from Cyprus for the iBoxx EUR Sovereign High Yield index. Markit has introduced the Markit iBoxx EUR Cyprus sub-index to capture this market.
    Index Name ISIN_TRI ISIN_CPI
    Markit iBoxx EUR Cyprus Index GB00BYPCC246 GB00BYPCC352

    The index is included in the daily EUR Sovereign High Yield indices file from June 1st 2015. It was also included in the EUR Sovereigns High Yield XREF file for the May 31st 2015 rebalance.

    For more information, please contact iBoxx@markit.com.

    Jun 01 2015
    June 2015 Quarterly Forecast for Markit iBoxx Pan Asia Indices

    Jun 01 2015
    June 2015 Quarterly Forecast for Markit iBoxx Asia Ex-Japan Indices

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