The FINANCIAL — NASDAQ OMX (NASDAQ:NDAQ) on March 7 introduces a new index series for the Swedish credit bond market.
The NASDAQ OMX Credit SEK Index series is uniquely designed to provide exposure to a portfolio of corporate and municipality investment-grade bonds denominated in Swedish Krona (SEK). Calculation of the indexes and index analytical values are based on daily end-of-day market mid valuations supplied to NASDAQ OMX by SEB.
Magdalena Hartman, Vice President NASDAQ OMX Global Index Group said: "Until today there has been a lack of means to measure the performance of the Swedish credit market. With this new index series investors, asset managers and analysts will for the first time gain access to a reliable benchmark for SEK denominated credit bonds to support research and development of new financial products."
Hans Beyer, Global Head of Capital Markets at SEB Merchant Banking, commented: "SEB sees that the market for corporate bonds will become a relatively more important source of financing in SEK in the near future. We are convinced that a well constructed credit index that follows international standards will contribute to the continued market development for credit bonds issued in SEK. As the leading supplier of prices for credit bonds in SEK, SEB naturally supports this development."
Discussion about this post