NBG: Georgian government bond indices published on global platforms for first time
With the support of the National Bank of Georgia, Georgian Government Bond Indices have been published for the first time and are now accessible via Bloomberg L.P. (Bloomberg IND), as well as through the portal of the index provider Intercontinental Exchange (ICE) at https://indices.ice.com. In the near future, the main parameters of these indices will also become available on the website of the National Bank of Georgia.
As a result, both domestic and international investors will be able to monitor and analyze, with maximum transparency, the performance/yield dynamics, risk characteristics, and other key indicators of the Georgian Government Securities market.
With the publication of the Georgian Government Bond Indices, for the first time in history:
• Investment and pension funds can use an internationally recognized benchmark to evaluate Georgian Government Securities;
• It becomes possible to structure exchange-traded funds (ETFs) and other types of investment funds based on transparent indices;
• Asset managers are able to objectively measure and disclose the performance of their portfolios against a transparent benchmark;
• Domestic and international investors can more clearly assess the risk parameters and return dynamics associated with investing in Georgian Government Bonds;
• The public gains transparent access to information on the performance of the Government Bond market.
The indices have been published by Intercontinental Exchange (ICE), one of the world’s largest providers of financial market data and indices. It is also noteworthy that the ICE group includes several prominent stock exchanges and clearing organizations, among them the New York Stock Exchange (NYSE), as well as futures and derivatives exchanges such as ICE Futures U.S., ICE Futures Europe, and ICE Endex, in addition to clearing houses including ICE Clear U.S., ICE Clear Europe, ICE Clear Netherlands, and ICE Clear Singapore.
Today, ICE operates one of the world’s most comprehensive index platforms, encompassing thousands of sovereign, corporate, and emerging market indices. Its methodological rigor and global recognition position it among the most prestigious index platforms in international capital markets.
Seven Georgian Government Bond indices have been launched.