LCDX, CDX.HY see constituent changes

LCDX, CDX.HY see constituent changes

Wednesday 29 September 2010 15:14 London/ 10.14 New York/ 23.14 Tokyo

The Markit LCDX index will roll into its 15th series on 4 October, with the coupon and maturity expected to remain unchanged at 250bp and 20 December 2015 respectively. The name turnover is likely to be higher than for the CDX HY index, with Avaya Inc, CDW Corporation, Reynolds Consumer Products Inc and Smurfit-Stone Container Corporation anticipated to replace Boston Generating, Chrysler Financial Services Americas, Mirant North America and WM Wrigley Jr Company.

Meanwhile, the Markit CDX.NA.HY rolled into its fifteenth series on 27 September. One constituent (Mirant North America) has been replaced (by SUPERVALU INC) in the index.


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