The Nasdaq OMX Credit SEK Index series is 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.
Nasdaq OMX Global Index Group vice president Magdalena Hartman said 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.
SEB Merchant Banking global head of Capital Markets Hans Beyer said 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," Beyer said.
The indexes available as of 7 March 2011 are: NOMX Credit SEK Total Spread Index; NOMX Credit SEK Total Price Index; and NOMX Credit SEK Total Return Index.
