Nomura launches India Local Government Bond index

Nomura offers exposure to India’s $510 billion government bonds market

Nomura has launched an index for use by investors wishing to track India’s $510 billion government bond market.

The Indian Local Government Bond index measures the total return performance of Indian government bonds denominated in Indian rupees and is the first in Nomura’s Asia ex-Japan series measuring the bond market performance of individual countries in the region.

“The established proprietary indexes in the market were too heavily skewed towards the need for an index to represent the market