Press Release

For immediate release

Press Contact:
Jodie Gray+44 (0)20 7773 4803
jodie.gray@barclays.com
Mark Lane+1 212 412 1413
mark.lane@barclays.com

BARCLAYS ANNOUNCES CHANGES TO ITSBENCHMARK FIXED INCOME INDICESNew York, NY, November 5, 2012 – Barclays, publisher of leading broad market bond benchmarks, announced
today changes to its widely-used benchmark fixed income indices after concluding its annual index review andgovernance process in October. The governance process has resulted in a number of rule changes that will takeeffect as of March 31, 2013, as well as reaffirmations of existing rules that were reviewed and remain unchanged.
These decisions were made after carefully evaluating the evolving fixed income landscape and incorporating theperspectives of a diverse set of global investors who use Barclays indices as portfolio benchmarks and measuresof broad fixed income market returns.
A summary of key rules changes/clarifications that will take effect as of March 31 2013 is as follows:Emerging Markets Indices• Flagship Barclays hard currency emerging markets (EM) benchmark bond indices will be rebranded as EM
Aggregate benchmark bond indices to reflect their broad country and sector coverage of the EM
investment universe, which includes a growing portion of EM corporate and EM government-related debt.
• All Barclays EM benchmark bond indices (hard currency, local currency, and inflation-linked) will use asingle consistent list of countries classified as EM when determining index eligibility. Criteria for inclusionin this list include both World Bank income group classifications and International Monetary Fund country
designations. In addition, the list will include countries that bond investors generally classify as EM: SouthKorea, Israel, Taiwan, and Czech Republic.
• Nigeria and Romania will be added to the flagship Barclays EM Local Currency Government Index.
High Yield Indices• Barclays high yield (HY) corporate indices, which by rule exclude issuers with an EM country of risk, will
also be impacted by the new EM definition. Issuers of USD, EUR, and GBP-denominated HY debt with acountry of risk that is now on the EM country list will be excluded from the Barclays US High Yield andPan-Euro High Yield indices.
Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, weoperate in over 50 countries and employ over 140,000 people. We provide large corporate, government and institutional clients with a full spectrum ofsolutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise across
Barclays. We’re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, andwealth and investment management. Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC.
For more information, visit www.barclays.com

Press Release

For immediate release

Press Contact:
Jodie Gray
+44 (0)20 7773 4803
jodie.gray@barclays.com
Mark Lane+1 212 412 1413
mark.lane@barclays.com

US ABS/US Aggregate Index• Asset-backed securities (ABS) collateralized by auto lease loans, auto floorplan loans, and non-US
collateral pools with cashflows denominated in USD will become eligible for inclusion in Barclays fixedand floating-rate US ABS indices, provided they meet all other index eligibility criteria.
Global Aggregate Index• Loan Participation Notes (LPNs) will be added to Barclays Aggregate indices including the GlobalAggregate and Pan-European Aggregate.
• New local currency fixed minimum issue sizes will be set for all local currency bond markets benchmarked
by Barclays. This will include the Global Aggregate and EM Local Currency Government index families.
Current local currency minimums that have been pegged to USD, EUR, or JPY will remain in effect until thenew local minimums are applied.
Inflation-Linked Indices• Index eligibility of new markets in the World Government Inflation-Linked Bond (WGILB) Index will bereviewed (1) on a quarterly basis for developed markets that have either initiated a new inflation-linked
bond program or revived an inactive inflation-linked bond program; and (2) on an annual basis forcountries classified as EM. Previously, WGILB Index inclusion was only reviewed annually on December
31. Countries must still meet existing minimum market size, credit quality, and investability criteria forthis flagship index.
• Denmark and New Zealand inflation-linked government bond markets will become eligible for the WGILBand Global Inflation-Linked (Series-L) indices, once they meet the US$4 billion minimum market size
requirement.
Full details on these announced changes are available on Barclays Live.

Barclays moves, lends, invests and protects money for customers and clients worldwide. With over 300 years of history and expertise in banking, weoperate in over 50 countries and employ over 140,000 people. We provide large corporate, government and institutional clients with a full spectrum ofsolutions to their strategic advisory, financing and risk management needs. Our clients also benefit from access to the breadth of expertise acrossBarclays. We’re one of the largest financial services providers in the world, and are also engaged in retail banking, credit cards, corporate banking, andwealth and investment management. Barclays offers premier investment banking products and services to its clients through Barclays Bank PLC.
For more information, visit www.barclays.com