Sep 22, 2009
Cadwalader, Wickersham and Taft LLP represented Markit North America Inc. (“Markit”) with the development and structuring of indices tracking the approximately $270 billion convertible bond market. On September 23, 2009, Markit will launch the first series of the CVBX and the CVEX indices. The CVBX index tracks the performance of a portfolio of convertible bonds while the CVEX Index tracks the performance of the equity securities into which the convertible bonds in the CVBX index are convertible.
These indices will provide a macro trading product for the convertible bond market that was unavailable until now and are intended to act as both a benchmark for the convertible bond market and an efficient trading vehicle for market participants.
If you have any questions regarding the foregoing please contact:
Lary Stromfeld +1 212 504-6291 firstname.lastname@example.org
Steven Lofchie +1 212 504-6700 email@example.com
Doug Donahue +1 212 504-6511 firstname.lastname@example.org
Scott Cammarn, Mark Chorazak, Jonathan Watkins,Chris Gavin, Joseph Beach, Peter Morreale
Richard Brand, Stephen Fraidin, Jonathan Watkins, James Fee
Michele Maman, Thomas Curtin, Anthony De Leo, Donny Ariel
Jeffrey Rotblat will discuss "Accumulation/Aggregation/Alternative Exit Strategies" at this event.