Methodology change | Solactive Bond Methodology | Effective Date 24.09.2019
Today, on the 11th September 2019, Solactive announces the following changes to the Bond Methodology.
Rationale for the Bond Methodology change
The Bond Methodology does not contain the description of the treatment of amount increses between rebalancings.
Changes to the Bond Methodology
We add a new subsection which describes the Re-opening corporate actions into the Corporate Actions section in the Bond Methodology “2 CORPORATE ACTIONS”:
1.12 Re-opening
Re-opening outstanding issues and increasing the notional amount, which occur between two Rebalancings, are not considered in the index calculation until the next Rebalancing, if not specified differently in the Index Guideline.
And the definition in the section “4 Definition”
Re-opening is the issuance of additional amounts for a previously issued bond.