KUALA LUMPUR, April 24 — Bond Pricing Agency Malaysia (BPAM) launched the first Asean3 Government Bond Indices (A3GBI) in collaboration with Indonesia Bond Pricing Agency (IBPA) and Thai Bond Market Association (ThaiBMA).

The A3GBI tracks the local currency-denominated government bonds in Asean's three largest markets: Indonesia, Malaysia, and Thailand.

BPAM chief business officer Shah Zain said the index serves as a benchmark that is replicable and measurable.

"It is important to have a reliable data sets to measure and track market performance. This environment formed a perfect setting for cooperation between the bond pricing providers in the Asean region," he said at the media briefing on A3BGI, today.

Shah said the index may expand to corporate bonds in the future.

The daily pricing of A3BGI will be sourced from BPAM, IBPA, and ThaiBMA.