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Markit, a leading, global financial information services company that owns the Markit iTraxx indices, today announced that the Markit iTraxx Asia ex-Japan and Markit iTraxx Australia will roll into their 14th series on September 20 2010. The Markit iTraxx Japan will roll into its 14th series on September 21 2010.
The following changes have been made to the Markit iTraxx Asia Pacific family of indices:
- The composition of the Markit iTraxx ex-Japan remains unchanged.
- The composition of the Markit iTraxx Australia remains unchanged.
- Three constituents have been replaced in the Markit iTraxx Japan index.
| Markit iTraxx Japan | ||
|---|---|---|
| Series 14 vs Series 13 Changes | ||
| IN | OUT | |
| CANON INC. | Central Japan Railway Company | |
| Mitsui Chemicals, Inc. | SUZUKI MOTOR CORPORATION | |
| SHIMIZU CORPORATION | TOKYO GAS CO., LTD | |
Coupons and Recovery Rates
| Years | Maturity | Coupon bps | Recovery Rate % | |
|---|---|---|---|---|
| Markit iTraxx Australia | 5 | 20/12/2015 | 100 | 40 |
| Markit iTraxx Japan | 5 | 20/12/2015 | 100 | 35 |
| Markit iTraxx Asia ex-Japan IG | 5 | 20/12/2015 | 100 | 40 |
| Markit iTraxx Asia ex-Japan HY | 5 | 20/12/2015 | 500 | 25 |
