Citigroup (NYSE: C) said that Mexico’s bonds are eligible to be included in the New York-based bank’s World Government Bond Index in an emailed statement on Wednseday.
Mexico “satisfies all three World Government Bond Index requirements — size, credit and barriers to entry,” said the company.
Mexico will join the World Government Bond Index after meeting the criteria for three straight months, becoming the first Latin American country in the index, said Citigroup.
The country’s inclusion will be effective in October 2010.
According to State Street Global Advisers, Citigroup’s World Bond Index “includes the most significant and liquid government bond markets globally that carry at least an investment grade rating. Currently, this includes all countries in the Citigroup EMU Governments Index (EGBI) and Australia, Canada, Denmark, Japan, Sweden, Switzerland, United Kingdom and the United States. Index weights are based on the market capitalization of qualifying outstanding debt stocks.”
