Corporate Bond Markets in Asia Challenges and Opportunities for Growth Companies

Corporate Bond Markets in Asia Challenges and Opportunities for Growth Companies PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264647295
Category :
Languages : en
Pages : 85

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Book Description
This report presents a comprehensive analysis of the use and structure of corporate bond markets in Asia.

Corporate Bond Markets in Asia Challenges and Opportunities for Growth Companies

Corporate Bond Markets in Asia Challenges and Opportunities for Growth Companies PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264647295
Category :
Languages : en
Pages : 85

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Book Description
This report presents a comprehensive analysis of the use and structure of corporate bond markets in Asia.

The Emerging Asia Pacific Capital Markets: Challenges and Opportunities

The Emerging Asia Pacific Capital Markets: Challenges and Opportunities PDF Author: Larry Cao
Publisher: CFA Institute Research Foundation
ISBN: 1952927153
Category : Business & Economics
Languages : en
Pages : 137

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Book Description
Emerging and frontier financial markets in the Asia-Pacific region have experienced significant changes in recent years in areas affecting regulation, market participants, and products. This collection presents perspectives from authors in local markets who provide their analysis of the history, current development, and future outlook for 11 countries: Bangladesh, Cambodia, India, Indonesia, Malaysia, Mongolia, Pakistan, the Philippines, Sri Lanka, Thailand, and Vietnam. The brief should be particularly valuable for prospective investors interested in learning about regulatory developments, market structure, and financial history in the region.

The Development of Local Debt Markets in Asia

The Development of Local Debt Markets in Asia PDF Author: Mr.Mangal Goswami
Publisher: International Monetary Fund
ISBN: 1455259373
Category : Business & Economics
Languages : en
Pages : 33

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Book Description
The paper makes an assessment of the progress made in developing local debt markets in emerging Asia. Market development has been limited by hurdles confronting borrowers and lenders, current and potential liquidity providers, and insufficient support from government policies and regulations. Besides fostering a credit culture to deepen local debt markets, the issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can provide the underlying collateral for expanding fixed-income markets, and hence domestic and regional investment opportunities.

Asia's Debt Capital Markets

Asia's Debt Capital Markets PDF Author: Douglas W. Arner
Publisher: Springer Science & Business Media
ISBN: 0387250905
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
This volume comprises studies by leading research scholars in the United States and Asia on Asia’s debt capital markets. The book is unique in drawing upon the research, experience and perspectives of experts from the academic, legal, governmental and practical investment fields. They assess the risks and opportunities, and strategies for developing these markets. The authors adopt a multidisciplinary approach, encompassing economics, finance and law.

Bond Market Development in Asia

Bond Market Development in Asia PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264192220
Category :
Languages : en
Pages : 452

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Book Description
This conference proceedings of the second "Round Table on Capital Market Reforms in Asia" held in Tokyo in April 2000, which was organised by the OECD and the Asian Development Bank Institute (ADBI), focused on bond market development in Asia.

The Future of China's Bond Market

The Future of China's Bond Market PDF Author: Mr. Alfred Schipke
Publisher: International Monetary Fund
ISBN: 151358278X
Category : Business & Economics
Languages : en
Pages : 52

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Book Description
China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

Bond Market Development in East Asia

Bond Market Development in East Asia PDF Author: Raul V. Fabella
Publisher:
ISBN:
Category : Bond market
Languages : en
Pages : 38

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Book Description
In postcrisis Asia, the development of domestic bond markets is increasingly seen as one of the key requirements to strengthen the financial sectors of East Asian countries and to reduce their vulnerabilities to future financial crises. There is a great diversity in terms of the level of bond market development across East Asian countries. Judged by several indicators of bond market development, Hong Kong, China and Singapore are ahead of other countries, followed by a second tier consisting of Korea; Malaysia; and Taipei,China and a third tier consisting of People's Republic of China, Philippines, and Thailand. Indonesia's bond market is perhaps the most nascent among East Asian bond markets. Initiatives to develop bond markets in East Asia should focus on: (i) sustaining a stable macroeconomic environment with low inflation and stable interest rates, (ii) developing a healthy government bond market that would serve as a benchmark for the corporate bond market, (iii) completing the postcrisis agenda of banking sector restructuring, (iv) improving corporate governance, (v) strengthening the regulatory framework for bond market, (vi) rationalizing tax treatment of bonds, (vii) broadening the investor base, and (viii) promoting the growth of regional bond market centers. Since at present there is a great diversity in the levels of bond market development across countries, significant country-specific deciphering of these requirements will be needed for developing country strategies for bond market development.

Building Local Bond Markets

Building Local Bond Markets PDF Author: Alison Harwood
Publisher: World Bank Publications
ISBN: 9780821348192
Category : Business & Economics
Languages : en
Pages : 538

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Book Description
Since the Asia and Tequila crises of the late 1990s, a growing number of emerging market countries have focused on developing local bond markets to lock in local currency, fixed-rate and long-term funding, and help governments and corporations better manage their financing risks. International organizations from Washington to Southeast Asia are pushing bond market development, to reduce global instability by improving domestic risk management. This book is part of the International Finance Corporation's efforts to assist countries in South Asia and other parts of the world to identify their need for local bond markets, the impediments to developing them, and how those impediments might be removed. The book is based on papers presented at the South Asian Debt Market Symposium held in Sri Lanka in October 1999. It provides valuable insights to emerging market nations wrestling with the issue of building local bond markets. This book will be of interest to bond market specialists, policymakers, and the private sector.

A Guide to Asian High Yield Bonds

A Guide to Asian High Yield Bonds PDF Author: Florian H. A. Schmidt
Publisher: Wiley
ISBN: 9780470823910
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
A book on high yield, written by bond market professionals, is exactly what issuers have been waiting for. The elaborations on structures and covenant packages are crystal clear and help to navigate through the intricacies of the product. Arsjad Rasjid President Director Indika Inti Energi This book provides a valuable overview of the market. In particular, it offers in-depth analysis of the buy-side for Asian high yield and a detailed guide to structuring and executing transactions. We recommend it to any potential issuer. Charles Chu CFO Agile Property Holdings Ltd. This guide to the market provides a clear overview of high yield as a non-dilutive form of long term capital and serves as a useful reference material to all Asian growth enterprises. It is an easy to read and comprehensive reference work that will be of practical benefit to market users. Roland To Director - Strategic Planning Galaxy Entertainment Group We believe, as a firm, that out of contagion and chaos come opportunities. As the financial markets regain their footing after the subprime-induced credit crisis, we believe investors will find exciting opportunities in non-investment grade credit among other asset classes. A Guide to Asian High Yield Bonds will help investors get a handle on the high yield sector in Asia, which we are confident will hold great potential for investors going forward. Brian Baker Managing Director, Chief Executive Officer, Asia Pacific Investment Management Company LLC (PIMCO) A timely and well-researched addition to the finance literature. This book will be of value to anyone with an interest in the Asian high yield bond market. Professor Moorad Choudhry Department of Economics, London Metropolitan University The Asian high yield market has grown at a rapid pace in the past few years. A new reference book to track the developments is a useful and timely addition for all market participants. Geoffrey King Director PMA Investment Advisors Ltd. Given the relative newness of the Asian high yield market and inexperience of most regional investors and issuers with high yield credit instruments, a reference book on the market should prove invaluable for illuminating the attractiveness and merits of the asset class. Eugene Kim Chief Investment Officer Tribridge Investment Partners Ltd., Hong Kong

The Asian Bond Markets Initiative

The Asian Bond Markets Initiative PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292578448
Category : Business & Economics
Languages : en
Pages : 69

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Book Description
The Asian Bond Markets Initiative (ABMI) was launched in December 2002 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3 to strengthen financial stability and reduce the region’s vulnerability to the sudden reversal of capital flows. This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.