The Swiss Bond-Index SBI® family reflects the price developments of CHF-denominated bonds listed on SIX Swiss Exchange. The SBI® indices provide valuable data on the Swiss capital market, in particular information on:
the current level of interest rates
the origin and creditworthiness of the issuers
the average term to maturity of the listed bonds
as well as the total capitalisation as an indicator of the extent to which the capital market is being tapped
Strict criteria apply in determining which bonds are included in the SBI® indices. Each issue must have a remaining term to maturity of at least one year and an original offering volume of more than CHF 100 million. In addition, only fixed-rate bonds are included and each must have a rating of «BBB» or higher. In this regard, SIX Swiss Exchange determines a «composite rating», which is arrived at by taking into account the ratings of Standard & Poor's, Moody's and Fitch, as well as those of three major Swiss banks and Fedafin.