OREANDA-NEWS. November 03, 2009. Since November 2, 2009, two NWT bonds issues, series 03 and 06, are included in the calculation base for the MICEX (Moscow Interbank Currency Exchange) CBI (Corporate Bonds Index). Calculation base for the MICEX CBI consist of 42 bonds of 22 issuers, selected by the following criteria:

the bonds are listed at the MICEX;
the period till redemption / next offer (for the calculation base period) is not less than 6 months;
the volume of issue is not less than RUR3 billion;
the average daily volume of deals over the quarter is not less than RUR3 million;
the number of trading days is not less than 10 per quarter.


Furthermore, bonds are included in the indices, taking into account the credit ratings assigned to the issuers by such international agencies as Standard & Poor’s, Moody’s and Fitch Ratings and such Russian rating agencies as RusRating, Expert RA, National Rating Agency and АК &M.

The MICEX CBI calculation base is revised once in three months.

Calculated since 2003, the index is the main indicator of the Russian market of corporate bonds. The inclusion in the MICEX CBI index will improve the liquidity of the NWT bonds by expanding the circle of potential investors oriented to highly liquid bonds of reliable issuers.