Bloomberg acquires UBS bond index catalogue

mergers-and-acquisitions/

3 April 2014
| By Kate Cowling |
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Global financial news network and index provider Bloomberg has acquired all Australian UBS bond indexes in a move it says will “support transparency” in the Australian fixed income space.  

The complement of indexes will be renamed “Bloomberg AusBond Indexes” and independently calculated using a Bloomberg pricing model and published daily, the index provider said.  

The transaction includes more than 500 bonds, including the UBS Composite Bond Index, which holds around 390 Australian fixed interest securities. 

“This acquisition provides true independence to an index family used extensively by institutional investors and asset managers,” Bloomberg Indexes head Srikant Dash said.  

“We are committed to a seamless transition in Australia and will continue to leverage Bloomberg’s heritage in bond markets to bring independence and transparency to fixed income benchmarks, globally.” 

The bonds will still be available on multiple platforms, Bloomberg said.  

UBS head of FX, Rates & Credit Duncan Haig said UBS will continue to “concentrate fully” on its Australian fixed income business. 

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