Frankfurt, (2 July 2018) – MV Index Solutions (MVIS) has
implemented a new rule for
• MVIS Altman N. Am. Defaulted & Distressed Bond Index (MVRCOV),
• MVIS EM Aggregate Bond Index (MVEMAG),
• And the respective sub-indices.
“Distressed Debt Exchange Offers: in case more than 90% of the Amount Outstanding is exchanged in a Distressed Debt Exchange with the new bond having different characteristics (maturity, coupon or Amount Outstanding) or trading at a substantially different price, the old bond will be redeemed at the latest available price with the proceeds held as “Paid Cash” and reinvested into the index on the following Adjustment Day.”
The amended Index Guide is available for download at www.mvis-indices.com/index-guides.
MV Index Solutions