Wednesday, June 4, 2014

1st 30-Year Bonds Korean Government Issues 30 Year-maturity Foreign Exchange Stabilization Bonds

4 JUNE 2014
The Korean government will issue foreign currency-denominated foreign exchange stabilization bonds worth US$2 billion to US$2.5 billion combined. In particular, the bonds are going to be the first 30-year ones in its history.
A foreign exchange stabilization bond is a type of foreign currency-denominated bond for promoting forex market stability. The issuing rate is used as a benchmark rate when public and private corporations procure funds from abroad.
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