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The latest issue of the "Bonds Quarterly Statistics" report looks at the performance ofSIX Swiss Exchange's Bonds segment in the fourth quarter of 2012. |
Today, SIX Swiss Exchange published the latest Bonds Quarterly Statistics[PDF] During the fourth quarter 2012, turnover in the CHF bonds segment amounted to CHF 42.9 billion, corresponding to an increase of CHF 4.6 billion over Q4 2011. For the entire year 2012, turnover in the secondary market for CHF bonds rose by 7.0% compared to the previous year, reaching CHF 185.3 billion. The number of transactions increased by 6.9% in 2012, reaching a total of 539'300 (2011:504'594).
Pleasing growth
Compared to 2011, an increase was also recorded for primary-listed CHF bonds: as of 31 December 2012 there were a total of 1'598 (2011: 1'538). In the last year, 355 CHF bonds were newly listed on SIX Swiss Exchange, with 187 from Swiss issuers and 168 from foreign issuers. Year-on-year, issuance volumes rose from CHF 75.8 bn to CHF 82.1 bn. Again, Swiss issuers reached a higher market share as foreign issuers, with CHF 43.9 bn vs. CHF 38.2 bn. At year end, the total amount of outstanding volumes of CHF bonds corresponded to CHF 557.3 bn (with CHF 281.1 bn of Swiss issuers and CHF 276.2 bn of foreign issuers).
Bond indices closing higher
In 2012, the broad SBI® AAA-BBB Total Return Index rose by 4.21%, while the SBI® Domestic AAA-BBB Total Return rose by 2.65%. An even more pronounced growth was recorded for the SBI® Foreign AAA-BBB Total Return, raising by 6.01%. Our website provides more information on bond indices.
An important trend in 2012 was the listing of collateralized structures on SIX Swiss Exchange. After a pause of several years, we saw asset backed securities returning with two listings, and also the listing of a large number of covered bonds. Another trend was the listing of hybrid structures. As regulators increased the capital requirements, banks and insurance companies more frequently resorted to the issuance of hybrid capital in order to strengthen their own capital basis.
Broad information offering
The report "Bonds Quarterly Statistics" is published quarterly and contains turnover figures as well as information about Swiss and international bonds traded. Previous editions are available in our archives. Furthermore, our website provides up-to-date information on new admissions and market indicators, interest structure rates as well as volume and turnover.
