Based on the establishment of the Watchlist Market on December 1, 2017 under Borsa Istanbul Debt Securities Market, it has been decided by Executive Board that the changes in the BIST-KYD Indices Ground Rules, as shown in the Attachment 1 and summarized below, to be done;

1. Outstanding amount of debt securities for inclusion to BIST-KYD Corporate Bond Fixed Rate, BIST-KYD Corporate Bond Floating Rate and BIST-KYD Corporate Lease Certificates Indices to be at least TL 100 million,

1. Constituent securities of BIST-KYD Corporate Bond Fixed Rate, BIST-KYD Corporate Bond Floating Rate or BIST-KYD Corporate Lease Certificates Indices which fail to make their coupon or principal payments;

• to be excluded from the indices with “zero” value effective from the delisting date, if they are delisted due to not making a debt restructuring or not meeting the trading requirements in Borsa Istanbul markets despite the debt restructuring,
• to be remained in the indices with their latest value, if they make debt restructuring and meet the trading requirements in Borsa Istanbul markets. Within this context, debt securities or lease certificates, which trade in Borsa Istanbul Outright Purchases and Sales Market or Watchlist Market with their new ISIN code (due to restructuring) or old ISIN code, will continue to be constituents of the Indices as long as they fulfill other index rules. 

     3. The length of the index period of BIST-KYD Corporate Eurobond Indices to be 3 months instead of 1 month and periodic reviews to be performed quarterly instead of monthly.

It has been also decided that these changes to be effective on January 1, 2018.

Please click for the final version of BIST-KYD Indices Ground Rules.