LONDON, Feb. 14, 2018 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), a leading index provider, today announced the launch of the S&P 500 Bond Mega 30 Index family that comprises of S&P 500 Bond Mega 30 Investment Grade Index and the S&P 500 Bond Mega 30 High Yield Index. The new indices seek to track the 30 largest single issues by constituents of the S&P 500.

The S&P 500 Bond Mega 30 Investment Grade Index is composed of 30 bonds, representing the largest investment grade issuances from S&P 500 issuers. The bonds are selected from the S&P 500 Investment Grade Corporate Bond Index.

The S&P 500 Bond Mega 30 High Yield Index is composed of 30 bonds, representing the largest high yield issuances from S&P 500 issuers. The bonds are selected from the S&P 500 High Yield Corporate Bond Index.

Both indices have two maturity based indices that track bonds in the 3 to 5 years and 5 to 7 year maturity ranges. 

Alex Matturri, CEO, S&P Dow Jones Indices, commented, "We are excited to extend the S&P 500 Bond Index family with the launch of  the S&P 500 Bond Mega 30 Investment Grade and S&P 500 Bond Mega 30 High Yield Indices. Over the past few years, the growing debt pool issued by corporations has driven the need for independent indices to track different aspects of that market.  These new indices track bonds with larger issue sizes which typically trade with greater frequency and enhanced transparency and therefore tend to have higher liquidity."

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500^® and the Dow Jones Industrial Average^®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

SOURCE S&P Dow Jones Indices