CROBIS® is the official Zagreb Stock Exchange bond index. The ZSE started publishing it on October 1, 2002. The base date of the index is September 30, 2002 and the base value is set on 100.
Type of index
CROBIS® is price index weighted by market capitalisation. The weight of any individual bond issue in CROBIS® is limited to 35% of the index capitalization.
Once a day after the close of trading session. Average daily prices weighted by traded volume, are used for the calculation. If a bond was not traded on the given day, the previous average price is used.
At the moment, there are 10 bonds included in the CROBIS®:[CROBIS]
The bonds eligible for inclusion within CROBIS® index are bonds issued by Croatian government and Croatian government agency meeting following criteria:
Revisions of CROBIS® are carried-out four times a year: last Friday in February, May, August and November. Bond is excluded from the index if its time to maturity will drop below one year in the next three months prior to the next revision. In urgent cases the Index Committee can make decision on revision outside the scheduled adjustment date.