This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TASE Launches New Index - Tel-Bond Yields

TEL AVIV, Israel, January 17, 2013 /PRNewswire/ --

The Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of TASE's new "Tel-Bond Yields" index, which will comprise of TASE-traded investment grade corporate bonds rated (BBB-) to (A).

     (Logo: http://photos.prnewswire.com/prnh/20130117/588933 )

For the first time, bonds rated (BBB+) and below will be included in a Tel-Bond index. Given their lower rating, the yield-to-maturity on these bonds tend to be higher than the yields on the bonds rated (A-) to (AAA), which are currently included in Tel-Bond indices.

The new index is scheduled for launch on 18 February and will include some 70 CPI-linked fixed-interest corporate bonds issued by about 47 issuers. The market cap of the index will be approximately NIS 45 billion.

It is anticipated that the launch of the new index and subsequent exchange-traded notes (ETNs) tracking the index, will increase the liquidity of the underlying bonds and will facilitate investors to diversify their bond portfolios.

For further information, you are welcome to visit TASE website at: http://www.tase.co.il    or contact the TASE Marketing and Communications Unit: Idit \Yaaron or Orna Goren: at +972-3-5677405/6

SOURCE Tel Aviv Stock Exchange Ltd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs