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S&P Dow Jones Indices and UBS Launch S&P UBS Leveraged Loan Indices

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S&P Dow Jones Indices (S&P DJI) and UBS have announced the launch of the S&P UBS Leveraged Loan Indices, formerly known as the Credit Suisse Leveraged Loan Indices. These indices track performance across global loan markets using S&P Global Market Intelligence's pricing data.

The suite encompasses over 2,000 indices covering USD 1.6 trillion in market value, measuring leveraged loans in US dollars, Euro, and British sterling. S&P DJI will serve as the exclusive publisher, calculator, administrator, and licensor of this index family.

The U.S. leveraged loan market has experienced substantial growth, expanding from USD 400 million to USD 1.3 trillion. The indices will be consolidated in 2025, with S&P DJI's iBoxx USD Leveraged Loan Indices being integrated into the S&P UBS Leveraged Loan Index suite.

S&P Dow Jones Indices (S&P DJI) e UBS hanno annunciato il lancio degli S&P UBS Leveraged Loan Indices, precedentemente conosciuti come Credit Suisse Leveraged Loan Indices. Questi indici monitorano le performance dei mercati globali dei prestiti utilizzando i dati sui prezzi di S&P Global Market Intelligence.

La suite comprende oltre 2.000 indici che coprono un valore di mercato di 1,6 trilioni di USD, misurando i prestiti con leva in dollari americani, euro e sterline britanniche. S&P DJI sarà l'unico editore, calcolatore, amministratore e licenziatario di questa famiglia di indici.

Il mercato dei prestiti con leva statunitense ha registrato una crescita significativa, passando da 400 milioni di USD a 1,3 trilioni di USD. Gli indici saranno consolidati nel 2025, con gli indici iBoxx USD Leveraged Loan di S&P DJI che saranno integrati nella suite degli S&P UBS Leveraged Loan Indices.

S&P Dow Jones Indices (S&P DJI) y UBS han anunciado el lanzamiento de los S&P UBS Leveraged Loan Indices, anteriormente conocidos como los Credit Suisse Leveraged Loan Indices. Estos índices hacen un seguimiento del rendimiento de los mercados globales de préstamos utilizando los datos de precios de S&P Global Market Intelligence.

La suite abarca más de 2,000 índices que cubren un valor de mercado de 1.6 billones de USD, midiendo préstamos apalancados en dólares estadounidenses, euros y libras esterlinas. S&P DJI será el único editor, calculador, administrador y licenciatario de esta familia de índices.

El mercado de préstamos apalancados de EE. UU. ha experimentado un crecimiento sustancial, expandiéndose de 400 millones a 1.3 billones de USD. Los índices se consolidarán en 2025, con los índices iBoxx USD Leveraged Loan de S&P DJI siendo integrados en la suite de S&P UBS Leveraged Loan Indices.

S&P 다우존스 지수(S&P DJI)UBSS&P UBS 레버리지 론 인덱스의 출시를 발표했습니다. 이 인덱스는 이전에 크레딧 스위스 레버리지 론 인덱스로 알려져 있었습니다. 이러한 인덱스는 S&P 글로벌 시장 정보의 가격 데이터를 사용하여 글로벌 대출 시장의 성과를 추적합니다.

이 제품군은 2,000개 이상의 인덱스를 포함하여 1.6조 달러의 시장 가치를 포괄하며, 미 달러, 유로 및 영국 파운드로 표시된 레버리지 대출을 측정합니다. S&P DJI는 이 인덱스 계열의 독점 발행자, 계산자, 관리자 및 라이선스 제공자로 활동할 것입니다.

미국의 레버리지 대출 시장은 400백만 달러에서 1.3조 달러로 크게 성장했습니다. 인덱스는 2025년에 통합될 예정이며, S&P DJI의 iBoxx USD 레버리지 론 인덱스가 S&P UBS 레버리지 론 인덱스 제품군에 통합될 것입니다.

S&P Dow Jones Indices (S&P DJI) et UBS ont annoncé le lancement des S&P UBS Leveraged Loan Indices, précédemment connus sous le nom de Credit Suisse Leveraged Loan Indices. Ces indices suivent la performance des marchés mondiaux des prêts en utilisant les données de prix de S&P Global Market Intelligence.

La suite comprend plus de 2 000 indices couvrant une valeur marchande de 1,6 trillion USD, mesurant les prêts à effet de levier en dollars américains, en euros et en livres sterling. S&P DJI agira en tant qu’éditeur exclusif, calculateur, administrateur et licencié de cette famille d’indices.

Le marché des prêts à effet de levier aux États-Unis a connu une croissance substantielle, passant de 400 millions à 1,3 trillion USD. Les indices seront consolidés en 2025, les indices iBoxx USD Leveraged Loan de S&P DJI étant intégrés dans la suite des S&P UBS Leveraged Loan Indices.

S&P Dow Jones Indices (S&P DJI) und UBS haben die Einführung der S&P UBS Leveraged Loan Indices bekannt gegeben, die zuvor als Credit Suisse Leveraged Loan Indices bekannt waren. Diese Indizes verfolgen die Performance auf den globalen Kreditmärkten mithilfe von Preisdaten von S&P Global Market Intelligence.

Das Portfolio umfasst über 2.000 Indizes mit einem Marktwert von 1,6 Billionen USD und misst leveragierte Kredite in US-Dollar, Euro und britischen Pfund. S&P DJI wird als exklusiver Herausgeber, Berechner, Verwalter und Lizenzgeber dieser Indexfamilie agieren.

Der US-Markt für leveragierte Kredite hat ein erhebliches Wachstum erfahren, von 400 Millionen USD auf 1,3 Billionen USD. Die Indizes werden 2025 konsolidiert, wobei die iBoxx USD Leveraged Loan Indices von S&P DJI in die Suite der S&P UBS Leveraged Loan Indices integriert werden.

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NEW YORK, Dec. 4, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, in collaboration with UBS, today announced the launch of the S&P UBS Leveraged Loan Indices, previously known as the Credit Suisse Leveraged Loan Indices, which measure the performance of and provide insight on various global loan markets by leveraging S&P Global Market Intelligence's industry leading reference and pricing data for loans.

The S&P UBS Leveraged Loan Indices are designed to represent and measure the investable universe of U.S. dollar (USD), Euro (EUR) and British sterling (GBP) denominated leveraged loans. S&P DJI will be the exclusive publisher, calculator, administrator, and licensor of the index family. Spanning more than 2,000 indices covering USD 1.6 trillion in market value, this established suite builds upon S&P DJI's expertise in index administration and commercialization while combining UBS' complimentary loan indexing solutions with S&P DJI's existing fixed income index offering.

"Since the 1990's, the S&P UBS Leveraged Loan Indices have served a critical role as a leading loan benchmark across the U.S. and Europe, contributing to greater liquidity, transparency and accessibility for market participants," said Frans Scheepers, Head of Fixed Income, Currency and Commodity Products at S&P Dow Jones Indices. "As S&P DJI continues to see demand for indexing solutions within the Leveraged Finance space, this suite of indices is expected to remain a critical component of this growth and further expand this ecosystem through loan benchmarking, performance measurement and index-linked products."

The U.S. leveraged loan market has grown significantly over the last decade, from nearly USD 400 million to USD 1.3 trillion, as defined by the iBoxx USD Leveraged Loan Index, now rivaling the U.S. high yield bond market. This has been alongside the growth of the broader loan ecosystem, which includes index-linked products and derivatives in the loan space.

Dushyant Chadha, Global Head of Derivatives and Solutions at UBS, commented: "We are excited to collaborate with S&P DJI to further develop the S&P UBS Leveraged Loan Indices, the leading leveraged loan market benchmarks for over 30 years. By capitalizing on the strength of UBS' loans franchise and S&P DJI's position as a leading index provider, our clients and other market participants can look to these indices to continue to provide market leading insight and price data for loans."

The launch of the S&P UBS Leveraged Loan Indices follows S&P DJI's announcement in early November that it had reached an agreement with UBS with respect to this suite of leveraged loan indices. Following the successful completion of the transition period, the indices, previously legacy Credit Suisse indices, are being rebranded as the S&P UBS Leveraged Loan Indices. In addition, S&P DJI's iBoxx USD Leveraged Loan Indices will also be folded into the S&P UBS Leveraged Loan Index suite in 2025.

Looking ahead, S&P DJI and UBS plan to enhance the depth and breadth of available leveraged loan index offerings to investors and market participants globally to further expand potential use cases within the broader ecosystem.

For more information about the S&P UBS Leveraged Loan Indices, please visit: https://www.spglobal.com/spdji/en/.  

For more information about UBS, please visit https://www.ubs.com/us/en.html

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 been innovating and developing indices across the spectrum of asset classes helping to 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 https://www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

April Kabahar
Global Head of Communications
(+1) 917 796 3121
april.kabahar@spglobal.com 

Alyssa Augustyn
Americas Communications
(+1) 773 919 4732
alyssa.augustyn@spglobal.com 

Asti Michou
EMEA Communications
+44 (0) 20 7176 0311
Asti.michou@spglobal.com 

Nick Probert
Communications at UBS 
nicholas.probert@ubs.com

 

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SOURCE S&P Dow Jones Indices

FAQ

What are the S&P UBS Leveraged Loan Indices and when were they launched?

The S&P UBS Leveraged Loan Indices, launched on December 4, 2024, are benchmarks that measure the performance of leveraged loans in USD, EUR, and GBP markets, comprising over 2,000 indices covering USD 1.6 trillion in market value.

How much has the U.S. leveraged loan market grown according to the announcement?

According to the announcement, the U.S. leveraged loan market has grown from approximately USD 400 million to USD 1.3 trillion over the last decade.

What will happen to the iBoxx USD Leveraged Loan Indices in 2025?

S&P DJI's iBoxx USD Leveraged Loan Indices will be integrated into the S&P UBS Leveraged Loan Index suite in 2025.

Which currencies are covered by the S&P UBS Leveraged Loan Indices?

The S&P UBS Leveraged Loan Indices cover loans denominated in U.S. dollars (USD), Euro (EUR), and British sterling (GBP).

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