Webinar
Introducing TCX FI: the first-ever frontier currency bond index
Thursday, April 29, 2021 14:00
Amsterdam Time (CEST)
Note: please feel free to forward this invitation to interested colleagues we might have missed!
Dear Madam/Sir,
We are thrilled to announce that this morning TCX has launched the first-ever frontier currency bond index (TCX FI). The informative index tracks the performance of frontier currency-linked, investment-grade Eurobonds, issued by our shareholders, multilateral development finance institutions, such as the AfDB, EBRD, FMO, and the IFC.
Through TCX, the bonds redistribute currency risk from borrowers in frontier markets that cannot and should not bear it, to investors in more developed economies that seek the unique risk-return characteristics. From households and enterprises in Tanzania, Haiti, Uzbekistan and Vietnam, to pension funds in the west.
The bonds offer a unique combination of the issuer’s investment-grade credit risk with the market risk and return of frontier market currencies. For now, the index consists of 77 bonds and 20 frontier market currencies.
The index is an important step in generating visibility and transparency in this high-impact asset class and we are proud of its creation: Access the TCX FI. Ultimately, the development of this market is a precondition for the large-scale financing of the SDGs in a financially sustainable way.
For Bloomberg access to the TCX FI, please contact: communications@tcxfund.com
We would like to invite you to a webinar to introduce TCX FI. You can register by clicking the button above. We hope to see you.
On behalf of the TCX team, Ruurd J. Brouwer