SBI / Swiss Bond Index
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:
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 & Poors, Moodys and Fitch, as well as those of three major Swiss banks and Fedafin.
- 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