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BNP Paribas To Launch Covered Bond Index
BNP Paribas is rolling out a dollar covered bond index that will list all non-Securities and Exchange Commission registered U.S. dollar bonds.
BNP Paribasis rolling out a dollar covered bond index that will list all non-Securities and Exchange Commissionregistered U.S. dollar bonds,Reutersreports. The newBNP Paribas Covered Bond Indexis scheduled to launch in August.
The index will be used as a benchmark tracking index and list transactions with maturities of one to 10 years. The French lender is using the EuropeaniBoxxindex as a template for its new index.
Click here for the story fromReuters.