AfDB announces updates of its African Bond Index

The African Development Bank announces the update of its composite index available to Bloomberg Professional service subscribers via {BADB Index}.

The index was released in January this year to improve African Debt market liquidity and transparency.

The enhancement of the composite index family will provide investors with more diversified baskets, thus reducing their exposure to one major country.

AfDB, through the African Financial Markets Initiative (AFMI), launched its AfDB/AFMISM Bloomberg African Bond Index (ABABI) in February 2015.

Calculated by Bloomberg Indices, the composite index is comprised of the South Africa, Egypt, Nigeria, Kenya, Botswana and Namibia local currency sovereign indices.

In April 2017 Zambia and Ghana were added to the composite index.