Corporate issues drive growth in local currency debt
Emerging East Asia has seen a rapid rise in local currency corporate bond issuance in the first half of 2009, a new report by the Asian Development Bank has found. It has been a key source of funding for regional firms and governments in volatile times.
Corporate issuance has become a key driver of growth in local currency bond markets in emerging East Asia, the Asian Development Bank (ADB) finds in a new report.
These debt markets have grown strongly during the financial crisis as companies and governments turned to domestic investors.
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