| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citi launches five new indexes to expand Asian bond market coverage
By Toni Weeks
San Diego, March 24 - Citigroup Inc.'s fixed-income index group announced in a press release that it will expand its coverage of the Asian government bond market with the addition of the Citigroup Chinese Government Bond index, the Citigroup Sri Lankan Government Bond index, the Citigroup Asian Government Extended Bond index and the Citigroup Asia Pacific Government Bond index. Citi will also be launching a fifth index, the Citigroup Dim Sum Bond index, in the near future.
The Sri Lankan index will be both a stand-alone index and an addition to the Citigroup Asian Government Bond index (AGBI), effective with the April index profile. It joins Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand within that index.
The Chinese index will also be added to the Citigroup Asian Government Extended Bond index (AGBI-Extended), which includes China and all of the AGBI markets.
Citi is introducing the Citigroup Asia Pacific Government Bond index (APGBI) as a broader regional index to measure the performance of the Asia and Asia-Pacific regions as a whole. APGBI includes Australia, New Zealand and the AGBI markets.
In the near future, Citi will be introducing a Citigroup Dim Sum bond index, which will track the performance of the "dim sum" bonds issued and settled outside mainland China. This index includes offshore Chinese yuan-denominated bonds with fixed-rate coupons, a minimum maturity of one year and a minimum outstanding principal of CNY 1 billion. The outstanding amount of the index is about CNY 30 billion.
The financial services company is based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.