A number of sovereign debt managers now offer investors a security whose overall return is linked explicitly to periodic movements in some appropriate domestic price index.
The purpose of this paper is to draw out the main points and themes to emerge from responses to a questionnaire by those OECD sovereign debt managers who issue indexed securities. Responses were received from all the sovereigns who were surveyed; namely, Australia, Canada, France, Iceland, New Zealand, Sweden, the United Kingdom and the United States.