The National Bank of Georgia announced that Georgian Government Bond Indices have been published for the first time and are now accessible via Bloomberg L.P. (Bloomberg IND) and Intercontinental Exchange (ICE)’s index portal. The indices are intended to provide domestic and international investors with transparent benchmarks to monitor Georgian government bond performance, yields and risk characteristics, and to support fund benchmarking, portfolio performance disclosure and the structuring of index-based products such as exchange-traded funds. ICE published seven indices: ICE Georgia Government Index (G0GE), ICE All Maturity Georgia Government Index (GJGE), and maturity-segmented indices for 0–1 year (GAGE), 1–3 years (G1GE), 3–5 years (G2GE), 5–7 years (G3GE) and 7–10 years (G4GE). The “All Maturity” index covers securities with maturities up to 10 years, while the “ICE Georgia Government Index” covers maturities from 1 to 10 years, with the segmented indices designed to track specific yield-curve buckets and related duration metrics. Work on the indices started in 2023 within the National Bank of Georgia following an International Monetary Fund technical assistance recommendation, and the central bank expects to publish the main index parameters on its own website in the near future.
National Bank of Georgia supports launch of seven Georgian government bond indices on Bloomberg and ICE
The National Bank of Georgia has launched Georgian Government Bond Indices, now available on Bloomberg L.P. and Intercontinental Exchange's index portal. These indices offer benchmarks for monitoring Georgian government bond performance and support fund benchmarking and index-based product structuring. Seven indices, including the ICE Georgia Government Index and maturity-segmented indices, were developed following an IMF recommendation.