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Korea to issue FX bonds buoyed by improved ratings outlooks


Korea to issue FX bonds buoyed by solid ratings outlooks
Posted : 2021-07-25 16:32
Korea relatively insulated from worldwide sovereign credit downgrades
By Lee Kyung-min
The Ministry of Economy and Finance plans to issue $1.5 billion (1.7 trillion won) worth of foreign exchange stabilization bonds (forex bonds) in the U.S. and Europe on the back of foreign investors high assessment of the country s economy, as evidenced by stable sovereign credit ratings and outlook from three global rating agencies.
This is the latest effort to draw greater foreign investment via issuing dollar- and euro-denominated bonds at lower-than-expected yields, which translates into decreased overseas borrowing costs for local state-run and private firms. ....

South Korea , Korea Customs Service , Fitch Ratings , Ministry Of Economy , Korea Gas Corp , Deputy Prime Minister , Finance Minister Hong , Prime Minister , Korea Housing Finance , Korea Gas , தெற்கு கொரியா , கொரியா சுங்க சேவை , ஃபிட்ச் ரேடிஂக்ஸ் , அமைச்சகம் ஆஃப் பொருளாதாரம் , கொரியா வாயு கார்ப் , துணை ப்ரைம் அமைச்சர் , நிதி அமைச்சர் ஹாங் , ப்ரைம் அமைச்சர் , கொரியா வீட்டுவசதி நிதி , கொரியா வாயு ,