Sunday, June 24, 2007

China, India, Indonesia, Malaysia, South Korea: Asian Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence Asian local-currency bonds today. Yields
are from the previous session.

China: China Development Bank, the nation's second-biggest
issuer of debt, failed to sell 8.1 billion yuan ($1.06 billion)
of asset-backed securities, the government's depository said in
a report. The bank's sale didn't meet the minimum fund-raising
amount in its contract, and China Development Bank will have to
rearrange the asset pool and try to issue the bonds again, China
Government Securities Depository Trust & Clearing Co. said June
22 on its China Bond Web site.


Read more at Bloomberg Bonds News

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