Aug 03 2020
    Updated List of Private Placements

    • IHS Markit has identified additional Private Placement issues. The bonds have been added to the attached lists.
    • For more information please contact us at indices@ihsmarkit.com

    Jul 29 2020
    Consultation on the capping rule change for the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index

    IHS Markit is conducting a consultation regarding a change to the capping rules of the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index. Clients and other stakeholders are invited to review the consultation document and provide feedback on the proposed changes.

    For more information please contact us at indices@ihsmarkit.com

    Jul 28 2020
    Restatement of the Markit iBoxx USD Liquid Investment Grade Ultrashort Index

    Please be advised that due to the incorrect redemption treatment for bond US06050TMN99 - Bank of America Corp - 2.58663% - 7/26/2021, the following files have been restated.

    /IBOXX_CUSTOM_INDICES/B130802/INDICES
    iboxx_B130802_usd_lq_ig_UltraShort_eod_indices_20200727.csv

    /IBOXX_CUSTOM_INDICES/B130802/UNDERLYINGS
    iboxx_B130802_usd_lq_ig_UltraShort_eod_underlyings_20200727.csv

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

    For more information, please contact us at indices@ihsmarkit.com

    Jul 21 2020
    Result of consultation on the methodology update of the iBoxx Corporates/Non-Gilts Fallen Angels Indices

    Pursuant to the consultation announced on 15 July 2020, IHS Markit Benchmark Administration Limited (IMBA) will implement the proposed changes. Fallen angel bonds will be defined on an issuer level rather than on a bond level (as in the current methodology). Feedback received from stakeholders was supportive of the proposed approach.


    The changes will be implemented at the 31 July 2020 month-end rebalancing. Changes to the affected indices will be reflected in the forward files accordingly.

    For more information please contact us at indices@ihsmarkit.com

    Jul 16 2020
    IBOR Transition – IHS Markit Indices findings and request for feedback

    IHS Markit is keen to hear your views on the IBOR transition in the context of our indices. We are pleased to share the attached information paper and questionnaire. We hope this will form a basis for discussion and understanding of views across our clients and market participants. Please feel free to share this paper and questionnaire with others you might consider appropriate and relevant within your organization involved with the IBOR transition topic.

    We look forward to receiving your feedback on the questions provided, which can be submitted either via the Indices IBOR Transition Survey or by emailing us on indices@ihsmarkit.com.

    If you have any questions, please contact us at indices@ihsmarkit.com

    Jul 15 2020
    Consultation on the methodology update of the iBoxx Corporates/Non-Gilts Fallen Angels Indices

    IHS Markit is conducting a consultation regarding an update to the methodology for the iBoxx Corporates/Non-Gilts Fallen Angels Indices. Clients and other stakeholders are invited to review the consultation document below and provide feedback on the proposed changes.

    For more information please contact us at indices@ihsmarkit.com

    Jul 10 2020
    Update on the Implementation of the iBoxx 2019 Annual Index Reviews

    Following the announcement on changes to the iBoxx proprietary classification schema as part of the iBoxx Annual Index Reviews 2019 (16 December 2019), the subsequent announcement on planned implementation on the 31 July 2020 rebalancing (27 May 2020 and 29 June) IHS Markit is providing a further update on the implementation.


    1. Implementation of Classification Schema

    The changes announced to the global iBoxx classification schema and the resulting changes to the affected bonds and indices will be implemented as announced on the 31 July rebalancing. The global classification schema will be applied to all corporate bonds. The details of the new classification schema and changes are attached below.

    The new classifications will be available in the respective preview and forward files for the end of July rebalancing.

    These changes will go into effect with the 31 July 2020 rebalancing.


    2. Implementation of Tier 2 classification

    iBoxx will align subordinated bank debt classification with Basel III definitions.



    Alongside the tier classification for banks, iBoxx is aligning the tier classification for subordinated insurance debt for SGD denominated subordinated insurance debt. The updated tier classification levels are as follows:



    The change will not have an impact on the existing SGD index composition and selection process.

    These changes will go into effect with the 31 July 2020 rebalancing.


    3. Implementation of the new Hybrid Bonds definition and classification

    With the 31 July rebalancing iBoxx will be showing the new hybrid classification for subordinated non-financial debt. The updated classification will provide greater granularity on subordinated debt to differentiate between ‘Hybrid’ and ‘Non-Hybrid’ bonds. The iBoxx Components/Underlyings files will reflect this information as new values in the existing fields Seniority Level 3.


    Additionally, iBoxx is standardising the representation of debt and tier for senior non-financial corporate bonds denominated in USD and AUD to align the presentation for the fields across the different index families:


    These changes will go into effect with the 31 July 2020 rebalancing.


    4. Sample File Availability

    To support the integration of the changes in classification IHS Markit will be providing sample files with the new classification structure for all benchmark products on request. Clients interested in receiving a sample file should contact indices@ihsmarkit.com.


    If you have any questions, please contact us at indices@ihsmarkit.com.


    Jul 02 2020
    Updated List of Private Placements (iBoxx Asian Indices)

    IHS Markit has identified additional Private Placement issues in the Markit iBoxx ABF / Asia indices. Please find the list attached.

    Jul 02 2020
    Updated List of Retail Bonds (iBoxx Asian Indices)

    IHS Markit has identified additional Retail bond issues in the Markit iBoxx ABF / Asia indices. Please find the list attached.

    Jul 01 2020
    Updated List of Private Placements

    • IHS Markit has identified additional Private Placement issues. The bonds have been added to the attached lists.
    • For more information please contact us at indices@ihsmarkit.com

    Jun 29 2020
    UPDATE - Annual Index Review 2019 - updates to indices resulting from announced changes to iBoxx classification schema

    Following the announcement on changes to the iBoxx proprietary classification schema as part of the iBoxx Annual Index Reviews 2019 (16 December 2019) and subsequent announcement on planned implementation on the 31 July 2020 rebalancing (27 May 2020), IHS Markit is pleased to announce the following updates to indices:

    1. Introduction of 59 new indices across our iBoxx EUR, GBP, USD Benchmark index families and the iBoxx EUR High Yield and GBP High Yield index families. The details of the these new indices can be found in the Excel sheet included below (New_Indices tab).

    2. Discontinuation of 16 duplicate iBoxx £ Financial and Non-Financial indices currently listed in the iboxx_gbp_eod_indices_yyyymmdd.csv files. The list of affected indices can be found in the Excel sheet included below (Discontinued_Indices tab), alongside their duplicate indices that will be remaining, where users will be able to switch to if needed.

    3. Relabeling of 13 indices. The classification schema document, which accompanied the Annual Index Review Results announcement, lists changes to the sub-sector classification for Fixed-Line and Mobile Communication sectors, and Software & Computer Services respectively. These indices will hence change their name accordingly, as detailed in the Excel sheet included below (Renamed Indices tab).

    The changes listed here will all be effective after the 31 July 2020 rebalance. The new indices and renamed indices will be available in the indices files published on Monday, 3 August 2020. Sample benchmark files containing the new and renamed indices will be available upon request 2 weeks prior to the 31 July 2020 rebalance date.

    For more information please contact us at indices@ihsmarkit.com

    Jun 17 2020
    Result of consultation on the update to the configuration of the iBoxx GBP Corporates Maturing Custom Indices

    Pursuant to the consultation announced on 3 June 2020, IHS Markit Benchmark Administration Limited (IMBA) will implement the proposed changes. Collateralized bonds will be made eligible for inclusion and indices’ constituent maturity buckets (bucketed by individual years) will be equally-weighted.

    To illustrate the change in weighting configuration, for example, the iBoxx GBP Corporates 2021-2025 weighting configuration will create this weight distribution:

    • Bonds maturing in 2021 20%
    • Bonds maturing in 2022 20%
    • Bonds maturing in 2023 20%
    • Bonds maturing in 2024 20%
    • Bonds maturing in 2025 20%

    The changes will be implemented at the 30 June 2020 month-end rebalancing. Changes to the affected indices will be reflected in the forward files accordingly.

    The feedback received was supportive of the changes.


    For more information please contact us at indices@ihsmarkit.com

    Jun 16 2020
    Restatement of the iBoxx EUR High Yield indices

    Please be advised that due to a price update for bond XS0161100515 - Telecom Italia Finance SA - TITIM - 7.75% - 01/2033 the iBoxx EUR High Yield index family and affected customs have been restated. Specifically for iBoxx EUR High Yield, the following files have been republished as part of the restatement:

    \IBOXX_EUR_HY\EUR_HY_EOD_INDICES
    iboxx_eur_hy_eod_indices_20200615.csv
    iboxx_eurhy_eod_indices_20200615.csv

    \IBOXX_EUR_HY\EUR_HY_EOD_UNDERLYINGS
    iboxx_eurhy_eod_underlyings_20200615.csv
    iboxx_eur_hy_eod_underlyings_cumcrossover_20200615.csv
    iboxx_eur_hy_eod_underlyings_excrossover_20200615.csv

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

    For more information please contact us at indices@ihsmarkit.com

    Jun 12 2020
    Markit revised the number of bonds per currency for the Markit iBoxx Global Corporates Liquid 150 Capped and the Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped indices

    According to the rules for the Markit iBoxx Global Corporates Liquid 150 Capped index and the Markit iBoxx Global Developed Markets Liquid 100 High Yield Capped index, the number of bonds per currency is to be revised once a year in May. As the result of determination as of rebalancing date of 31st May 2020, the number of bonds per currency will change at the time of the next quarterly rebalancing date (31st July 2020):

    Index Valid From Valid To EUR GBP USD
    Global IG 150 31-Jul-09 31-Jul-15 45 15 90
    Global IG 150 31-Jul-15 31-Jul-16 40 10 100
    Global IG 150 31-Jul-16 31-Jul-17 35 10 105
    Global IG 150 31-Jul-17 31-Jul-18 35 10 105
    Global IG 150 31-Jul-18 31-Jul-19 40 10 100
    Global IG 150 31-Jul-19 31-Jul-20 40 10 100
    Global IG 150 31-Jul-20 31-Jul-21 40 5 105

    Index Valid From Valid To EUR GBP USD CAD
    Global HY 100 31-Jul-09 31-Dec-11 30 0 70 0
    Global HY 100 31-Jan-12 31-Jul-15 30 5 60 5
    Global HY 100 31-Jul-15 31-Jul-16 20 5 70 5
    Global HY 100 31-Jul-16 31-Jul-17 20 5 70 5
    Global HY 100 31-Jul-17 31-Jul-18 20 5 70 5
    Global HY 100 31-Jul-18 31-Jul-19 20 5 70 5
    Global HY 100 31-Jul-19 31-Jul-20 20 5 70 5
    Global HY 100 31-Jul-20 31-Jul-21 20 5 70 5

    Jun 04 2020
    iBoxx Asia ex-Japan & iBoxx ABF quarterly index weight prediction

    We are pleased to announce the latest iBoxx Asia ex-Japan & iBoxx ABF quarterly index weight prediction.

    Jun 03 2020
    Consultation on the update to the capping methodology for the iBoxx GBP Corporates Maturing Custom Indices

    IHS Markit is conducting a consultation regarding a configuration update for the iBoxx GBP Corporates Maturing Custom Indices. Clients and other stakeholders are invited to review the consultation document and provide feedback on the proposed changes.

    For more information, please contact us at indices@ihsmarkit.com.

    Jun 01 2020
    Updated List of Private Placements

    IHS Markit has identified additional Private Placement issues. The bonds have been added to the attached lists.

    For more information please contact us at indices@ihsmarkit.com

    May 29 2020
    Name Change for iBoxx EUR High Yield & iBoxx GBP High Yield Indices

    IHS Markit will change the name of a number of iBoxx EUR High Yield and iBoxx GBP High Yield indices. The name changes are being implemented to align the indices to the general iBoxx index naming convention. The attached file shows the current index name and the new index name which will come into effect on 1 July 2020. The ISIN and ticker identifiers for each index will not change.

    For more information please contact us at indices@ihsmarkit.com

    May 28 2020
    Result of consultation on the update to the methodology for the Markit iBoxx EUR FRN Investment Grade 3-7 Index

    Pursuant to the consultation announced on 15 May 2020, IHS Markit Benchmark Administration Limited (IMBA) will implement the proposed changes. The minimum amount outstanding as of the bond selection cut-off date will be reduced from EUR 750 million to EUR 500 million. Also, the current capping rules within the methodology will be replaced with a UCITS-type “5/10/40” rule, in order to improve robustness of the index.

    The “5/10/40” rules requires that no more than 5% of the index weight be allocated to a single issuer. However, the limit for an issue can be up to 10% per issue provided that the total value of all issuer holdings in excess of 5% do not exceed 40% of the index.

    The changes will be implemented at the 31 May 2020 month-end rebalancing. Changes to the affected indices will be reflected in the forward files accordingly.


    For more information please contact us at indices@ihsmarkit.com


    May 27 2020
    Update on the implementation of the remaining changes announced in the iBoxx 2019 Annual Index Reviews

    Further to the announcement made on 31 March 2020, entitled “Implementation delay for upcoming changes announced as part of the iBoxx 2019 Annual Index Reviews”, the remaining changes will now be implemented at the July month-end rebalancing.


    The particular scheduled changes are:

    · Classification schema changes for the Asian, European and North American indices
    · The alignment of subordinated bank debt classifications with Basel III definitions for the European and North American indices
    · The re-categorization of ‘hybrid’ bond definitions to better align with market standards for the European and North American indices



    For more information please contact us at indices@ihsmarkit.com



    View Next 20