Markit announces coupons for Markit CDX indexes set to roll Monday

By Angela McDaniels

Tacoma, Wash., Sept. 18 - Markit Group Ltd. released the fixed coupons for five indexes that will roll on Monday.

For the Markit CDX North America Investment Grade index, series 11, the coupon will be 1.4% for the one- and 10-year versions; 1.45% for the two-, three- and seven-year versions; and 1.5% for the five-year version.

The fixed coupons for the Markit CDX North America Investment Grade sector sub-indexes will follow those of the primary index for all maturities, according to a company news release.

For the Markit CDX North America Investment Grade High Volatility index, series 11, the coupon will be 4% for the one-, two- and three-year versions; 3.85% for the five-year version, 3.6% for the seven-year version and 3.5% for the 10-year version.

For the Markit CDX North America Crossover index, series 11, the coupon will be 3.4% for all versions.

For the Markit CDX Emerging Markets index, series 10, the coupon will be 3.35% for the five-year version and 3.6% for the 10-year version.

For the Markit CDX Emerging Markets Diversified index, series 8, the coupon will be 2.4% for the three-year version, 2.8% for the five-year version, 2.95% for the seven-year version and 3.05% for the 10-year version.

Markit provides independent data, portfolio valuations and over-the-counter derivatives trade processing to the financial markets.

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