The JP Morgan ESG Global Corporate Index (JESG GCI), an integrated environmental, social, and governance corporate benchmark covering Investment Grade and High Yield markets. (Reporting by Rae Wee; Editing by Kim Coghill)
(Corrects currency in the 4th paragraph to $7.7 billion from
S$7.7 billion)
SINGAPORE, Feb 7 (Reuters) - India's Adani Group, which
has in recent weeks suffered a brutal share selloff following
the release of a U.S. short-seller report, remains eligible for
the CEMBI, JACI and JESG indices, said JP Morgan in a note on
Monday.
"Per current index rules, Adani Group companies remain
eligible for inclusion in CEMBI, JACI and JESG indices," JP
Morgan said in the note.
"We continue to monitor publicly available information and
liquidity of the securities, and in case of market disruption or
confirmed default event."
Adani Group's businesses include ports, power generation,
transmission and renewable energy, among others, with a total
notional of $7.7 billion in the CEMBI and JACI indexes.
The Corporate Emerging Market Bond Index series (CEMBI)
tracks U.S. dollar denominated debt issued by emerging market
corporations. The J.P. Morgan Asia Credit Index (JACI) tracks
the total return performance of the Asia fixed-rate dollar bond
market.
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