BNP Paribas is rolling out a dollar covered bond index that will list all non-Securities and Exchange Commission registered U.S. dollar bonds, Reuters reports. The new BNP Paribas Covered Bond Index is 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 European iBoxx index as a template for its new index.
Click here for the story from Reuters.