The data company said the new tranche will provide enhanced trading opportunities to institutional investors seeking exposure to an additional credit class.
The Markit CMBX is a synthetic family of indexes based on US commercial mortgage-backed securities (CMBS). Each CMBX index references a basket of 25 of the most recently issued CMBS deals. The seven index tranches reference bonds rated AAA, AJ, AA, A, BBB, BBB- and BB respectively. A new series of CMBX is issued every six months.
The week in Risk.net, May 19-25 2017Receive this by email