On March 9th Tel Aviv Stock Exchange launched new Tel Bond – Composite Index
The Tel Aviv Stock Exchange (TASE) launched a new bond price index, the Tel Bond-Composite index, which comprises all investment-grade bonds (BBB- or higher) which meet the criteria for index constituency. The index was launched on 9 March 2014.
The Tel-Bond indices attract avid interest, creating demand for products tracking these indices. The TASE staff examined various alternatives to launch additional Tel-Bond indices and in the process the need to launch an index which reflects the return on the entire corporate bond market became apparent.