Morocco
Tunisia
Europe
Ivory Coast
Gabon
Cameroon
Mauritania
Senegal
Congo
Togo
Egypt
Casablanca, March 28th, 2019 - As part of its mission to represent a well-known research center based in Africa and dedicated to African markets, Attijari Global Research, a subsidiary of the Attijariwafa bank group, is launching a new index called the AGR Africa Bond Index "Code Bloomberg AGRAFBDT"...
Casablanca, March 28th, 2019 - As part of its mission to represent a well-known research center based in Africa and dedicated to African markets, Attijari Global Research, a subsidiary of the Attijariwafa bank group, is launching a new index called the AGR Africa Bond Index "Code Bloomberg AGRAFBDT".
As the intellectual owner of the index, AGR has partnered with S&P, a world leader in index calculation and design.
AGR Africa Bond Index represents a Total Return Index denominated in USD. Its core universe is sovereign credit risk in Africa. To better reflect the economic reality on a continental scale, a series of eligibility criteria have been adopted for deposits, particularly in terms of size, liquidity and rating.
The interest of this index is to monitor sovereign debt issues issued by African countries and denominated in foreign currencies. It thus makes it possible to:
• analyse the debt performance in general in the Continent;
• follow an advantageous financing vehicle growing in Africa;
• present an investment benchmark that could be duplicated while respecting standards of investment norms, size, diversification, and liquidity.
About AGR :
Subsidiary of the Attijariwafa bank group dedicated to research. Its mission is to cover topics related to macroeconomics, interest rates, exchange rates, equities, commodities and the development of asset allocation strategies in Morocco, WAEMU (West African Economic and Monetary Union), CEMAC(Central African Economic and Monetary Community), of Egypt and Tunisia.
About S&P Index :
It is the world's largest provider of financial market indexes. After the 2012 merger of S&P and the Dow Jones index, this group constitutes the world's largest resource of index-based concepts, data and research. S&P Index acts as the calculation agent for this index.
Contact media - Attijariwafa bank
Mrs Ouafaa GHAOUAT
Media relations officer
Phone : 00212 522 54 53 57
Mobile : 00212 647 47 32 90
Email: O.Ghaouat@attijariwafa.com
