News & Information
Jan 28 2021Reminder: Ask insertion prices for standard liquid indices
As part of the 2020 iBoxx European and North American Annual Index Review and as per our subsequent announcement in December 2020 a selection of standard liquid indices (e.g. those based on rating, maturity band and sector) will, going forward, use ask prices for bonds newly entering those indices.
The majority of iBoxx liquid indices currently use the ask price for the insertion of new issues. There is a selection of standard liquid indices based on rating, maturity band and sector sub-indices, where a new insertion ‘inherits’ a bid price from a broader liquid index. iBoxx is adjusting the configuration of these standard liquid indices to ensure that the ask price is taken at bond insertion, to ensure that such liquid sub-indices are replicable and reflect the realistic underlying security transactions. All iBoxx standard Liquid indices will use ask price for bond insertions going forward.
The change in standard liquid index configuration that do not yet use ask insertion prices will be effective as of 31 January 2021 rebalancing, and reflected in the Forward/Preview files for January month end rebalancing.
Please see the attached file which lists all the indices affected by the upcoming change.
For more information please contact us at indices@ihsmarkit.com
The majority of iBoxx liquid indices currently use the ask price for the insertion of new issues. There is a selection of standard liquid indices based on rating, maturity band and sector sub-indices, where a new insertion ‘inherits’ a bid price from a broader liquid index. iBoxx is adjusting the configuration of these standard liquid indices to ensure that the ask price is taken at bond insertion, to ensure that such liquid sub-indices are replicable and reflect the realistic underlying security transactions. All iBoxx standard Liquid indices will use ask price for bond insertions going forward.
The change in standard liquid index configuration that do not yet use ask insertion prices will be effective as of 31 January 2021 rebalancing, and reflected in the Forward/Preview files for January month end rebalancing.
Please see the attached file which lists all the indices affected by the upcoming change.
For more information please contact us at indices@ihsmarkit.com
Jan 27 2021Updated 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.
Jan 22 2021Announcement: Exclusion of issuer impacted by the US Sanctions pursuant to Executive Order 13959 within iBoxx indices (EO 13959 – Update 1)
Please find the announcement regarding the exclusion of issuer impacted by the US Sanction pursuant to Executive Order 13959 within iBoxx indices attached below.
For more information please contact us at indices@ihsmarkit.com.
For more information please contact us at indices@ihsmarkit.com.
Jan 22 2021IHS Markit Consultation on the methodology update for 5 iBoxx custom indices
IHS Markit is conducting a consultation regarding a potential methodology update for the following 5 indices, details included the attachment.
Markit iBoxx EUR FRN Investment Grade 1-3
Markit iBoxx USD Liquid FRN Investment Grade Corporates 100
Markit iBoxx EUR Liquid Corporates Top 75 MID Price TCA (Financials)
Markit iBoxx EUR Liquid Corporates BBB Top 60, and
Markit iBoxx EUR Liquid High Yield 30 Ex-Financial.
Clients and other stakeholders are invited to review the consultation and provide feedback on the proposed changes.
The consultation window will remain open through 5 February 2021, and a final decision will be communicated on 10 February 2021.
For more information please contact us at indices@ihsmarkit.com.
Markit iBoxx EUR FRN Investment Grade 1-3
Markit iBoxx USD Liquid FRN Investment Grade Corporates 100
Markit iBoxx EUR Liquid Corporates Top 75 MID Price TCA (Financials)
Markit iBoxx EUR Liquid Corporates BBB Top 60, and
Markit iBoxx EUR Liquid High Yield 30 Ex-Financial.
Clients and other stakeholders are invited to review the consultation and provide feedback on the proposed changes.
The consultation window will remain open through 5 February 2021, and a final decision will be communicated on 10 February 2021.
For more information please contact us at indices@ihsmarkit.com.
Jan 22 2021Result of the consultation on the methodology update of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) Index
Pursuant to the consultation announced on 17 December 2020, IHS Markit Benchmark Administration Limited (IMBA UK) will implement the proposed changes to the methodology of the iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap) index.
Stakeholder feedback was supportive of the proposition outlined in the consultation.
The changes will be implemented at the 31 January 2021 month-end rebalancing.
For more information please contact us at indices@ihsmarkit.com
Stakeholder feedback was supportive of the proposition outlined in the consultation.
The changes will be implemented at the 31 January 2021 month-end rebalancing.
For more information please contact us at indices@ihsmarkit.com
Jan 18 2021Launch of iBoxx Asian (Restricted) Indices
IHS Markit is pleased to announce the launch of iBoxx Asian (Restricted) Indices:
Ongoing Publication:
FTP Server: The index will be published through the FTP server in the below folders.
Reuters: The index levels will be published on daily basis under the RICs provided.
Bloomberg: The index levels will be published on daily basis under the BBG tickers provided.
IHS Markit Website: The index will also be published on the IHS Markit website in the same location of their corresponding existing unrestricted indices.
For more information please contact us at indices@ihsmarkit.com.
| Index Name | Version | ISIN | SEDOL | BBG Ticker | RIC |
| iBoxx USD Asia ex-Japan (Restricted) | TRI | GB00BL09QL64 | BL09QL6 | IBXXAJRT | .IBXXAJRT |
| iBoxx USD Asia ex-Japan (Restricted) | CPI | GB00BL09QM71 | BL09QM7 | IBXXAJRP | .IBXXAJRP |
| iBoxx USD Asia ex-Japan (Restricted) (Far East) | TRI | GB00BL09QN88 | BL09QN8 | IBXXAJR1 | .IBXXAJR1 |
| iBoxx USD Asia ex-Japan (Restricted) (Far East) | CPI | GB00BL09QP03 | BL09QP0 | IBXXAJF2 | .IBXXAJF2 |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) | TRI | GB00BL09QQ10 | BL09QQ1 | IBXXAJIT | .IBXXAJIT |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) | CPI | GB00BL09QR27 | BL09QR2 | IBXXAJIP | .IBXXAJIP |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) (Far East) | TRI | GB00BL09QS34 | BL09QS3 | IBXXAJI1 | .IBXXAJI1 |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) (Far East) | CPI | GB00BL09QT41 | BL09QT4 | IBXXAJI2 | .IBXXAJI2 |
| iBoxx Asian USD Dollar Bond (Restricted) | TRI | GB00BL09QV62 | BL09QV6 | IBXXADB1 | .IBXXADB1 |
| iBoxx Asian USD Dollar Bond (Restricted) | CPI | GB00BL09QW79 | BL09QW7 | IBXXADB2 | .IBXXADB2 |
| iBoxx Asian USD Dollar Bond (Restricted) (Far East) | TRI | GB00BL09QX86 | BL09QX8 | IBXXADF1 | .IBXXADF1 |
| iBoxx Asian USD Dollar Bond (Restricted) (Far East) | CPI | GB00BL09QY93 | BL09QY9 | IBXXADF2 | .IBXXADF2 |
| iBoxx ADBI High Grade (Restricted) | TRI | GB00BL09QZ01 | BL09QZ0 | IBXXADH1 | .IBXXADH1 |
| iBoxx ADBI High Grade (Restricted) | CPI | GB00BL09R026 | BL09R02 | IBXXADH2 | .IBXXADH2 |
| iBoxx ADBI High Grade (Restricted) (Far East) | TRI | GB00BL09R133 | BL09R13 | IBXXADH3 | .IBXXADH3 |
| iBoxx ADBI High Grade (Restricted) (Far East) | CPI | GB00BL09R240 | BL09R24 | IBXXADH4 | .IBXXADH4 |
Ongoing Publication:
FTP Server: The index will be published through the FTP server in the below folders.
| Index Name | FTP folder for publication | File Name |
| iBoxx USD Asia ex-Japan (Restricted) | \IBOXX_USD_ASIA\USD_ASIA_INDICES | iboxx_usd_asia_eod_indices_yyyymmdd |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) | \IBOXX_USD_ASIA\USD_ASIA_INDICES | iboxx_usd_asia_eod_indices_yyyymmdd |
| iBoxx USD Asia ex-Japan (Restricted) (Far East) | \IBOXX_USD_ASIA\USD_ASIA_INDICES | iboxx_usd_asia_fe_eod_indices_yyyymmdd |
| iBoxx USD Asia ex-Japan Investment Grade (Restricted) (Far East) | \IBOXX_USD_ASIA\USD_ASIA_INDICES | iboxx_usd_asia_fe_eod_indices_yyyymmdd |
| iBoxx Asian USD Dollar Bond (Restricted) | \IBOXX_ADBI\INDICES | iBoxx_adbi_usd_eod_indices_yyyymmdd |
| iBoxx ADBI High Grade (Restricted) | \IBOXX_ADBI\INDICES | iBoxx_adbi_usd_eod_indices_yyyymmdd |
| iBoxx Asian USD Dollar Bond (Restricted) | \IBOXX_ADBI\INDICES\SUMMARY | iboxx_adbi_usd_eod_indices_summary_yyyymmdd |
| iBoxx ADBI High Grade (Restricted) | \IBOXX_ADBI\INDICES\SUMMARY | iboxx_adbi_usd_eod_indices_summary_yyyymmdd |
| iBoxx Asian USD Dollar Bond (Restricted) | \IBOXX_ADBI\INDICES\TIME_SERIES | iboxx_adbi_usd_eod_indices_time_series_current |
| iBoxx ADBI High Grade (Restricted) | \IBOXX_ADBI\INDICES\TIME_SERIES | iboxx_adbi_usd_eod_indices_time_series_current |
| iBoxx Asian USD Dollar Bond (Restricted) | \IBOXX_ADBI\INDICES\TIME_SERIES | iboxx_adbi_usd_eod_indices_time_series_historical |
| iBoxx ADBI High Grade (Restricted) | \IBOXX_ADBI\INDICES\TIME_SERIES | iboxx_adbi_usd_eod_indices_time_series_historical |
| iBoxx Asian USD Dollar Bond (Restricted) (Far East) | \IBOXX_ADBI\INDICES | iBoxx_adbi_usd_fe_eod_indices_yyyymmdd |
| iBoxx ADBI High Grade (Restricted) (Far East) | \IBOXX_ADBI\INDICES | iBoxx_adbi_usd_fe_eod_indices_yyyymmdd |
Bloomberg: The index levels will be published on daily basis under the BBG tickers provided.
IHS Markit Website: The index will also be published on the IHS Markit website in the same location of their corresponding existing unrestricted indices.
For more information please contact us at indices@ihsmarkit.com.
Jan 13 2021Changes to methodology of the iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index
Please be advised that effective 11th January 2020, IHS Markit Benchmark Administration Limited (IMBA UK) is making changes to the methodology of the iBoxx MSCI ESG USD Emerging Markets Sovereigns Quality Weighted Index. In particular the following changes will be implemented:
Bond Selection
The minimum amount outstanding for eligible bonds will increase from $500 million to $1 billion.
Fundamental Score Calculation
The 9 factor z-scores were previously equal weighted:
Now 50 % will be attributed to the ESG governance z-score and 50% to the average of the remaining 8 fundamental z-scores:
The Z-score cap changes from a range of +/- 3 to a range of +/-2.
Country Weight Calculation
The country weight calculation will be determined 3 business days prior to the quarterly rebalancing month and the bond notionals are fixed at the same time. Before, the weights and bond notionals were finalized on the last business day prior to the quarterly rebalancing month.
Once implemented, index levels will be republished from the start date of the index history.
Should you have any questions, please contact us at indices@ihsmarkit.com
Bond Selection
The minimum amount outstanding for eligible bonds will increase from $500 million to $1 billion.
Fundamental Score Calculation
The 9 factor z-scores were previously equal weighted:
Now 50 % will be attributed to the ESG governance z-score and 50% to the average of the remaining 8 fundamental z-scores:
Country Weight Calculation
The country weight calculation will be determined 3 business days prior to the quarterly rebalancing month and the bond notionals are fixed at the same time. Before, the weights and bond notionals were finalized on the last business day prior to the quarterly rebalancing month.
Once implemented, index levels will be republished from the start date of the index history.
Should you have any questions, please contact us at indices@ihsmarkit.com
Jan 04 2021Updated List of Private Placements
IHS Markit has identified additional Private Placement issues. The bonds in question have been added to the attached lists.
For more information please contact us at indices@ihsmarkit.com
For more information please contact us at indices@ihsmarkit.com