Local Currency Bonds And Infrastructure Finance In Asean 3

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 256 pages
File Size : 54,7 Mb
Release : 2015-07-01
Category : Business & Economics
ISBN : 9789292570156

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Local Currency Bonds and Infrastructure Finance in ASEAN+3 by Asian Development Bank Pdf

The Asian Development Bank (ADB) is working closely with the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC), Japan, and the Republic of Korea---collectively known as ASEAN+3---to develop local currency bond markets and facilitate regional bond market integration under the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to strengthen the resilience of the region's financial system by developing local currency bond markets as an alternative source to foreign currency-denominated, short-term bank loans for long-term investment financing. The need for infrastructure investment among ASEAN+3 members is well documented, with estimates for needed investment through 2020 reaching as high as $550 billion. Local currency financing of infrastructure projects has the important advantage of avoiding the currency risk that can arise when a project generating revenues in the domestic currency has foreign currency-denominated debt service requirements. This study was undertaken under ABMI and funded by the Government of the PRC. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to promote infrastructure bond financing?

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 231 pages
File Size : 47,5 Mb
Release : 2018-04-01
Category : Business & Economics
ISBN : 9789292611132

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Promoting Green Local Currency Bonds for Infrastructure Development in ASEAN+3 by Asian Development Bank Pdf

The Asian Development Bank and the Association of Southeast Asian Nations and the People's Republic of China, Japan, and the Republic of Korea (ASEAN+3) are looking to explore options to promote green local currency-denominated bonds to meet the region's infrastructure development needs. Green bonds---supported within the ASEAN+3 framework---would help meet the long-term financing of the region especially in its transition to a low-carbon region. This publication highlights an assessment study of green bond markets in ASEAN+3, identifies the barriers to green bond market development, and proposes recommendations to scale up green bond markets for infrastructure development in ASEAN+3.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 136 pages
File Size : 49,8 Mb
Release : 2022-06-01
Category : Business & Economics
ISBN : 9789292695774

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Promoting Local Currency Sustainable Finance in ASEAN+3 by Asian Development Bank Pdf

This report provides an update on the local currency sustainable bond markets in the Association of Southeast Asian Nations and the People’s Republic of China, Japan, and the Republic of Korea (ASEAN+3). Historically, green bonds have dominated the sustainable debt market in ASEAN+3, but the coronavirus disease (COVID-19) pandemic has spawned the next generation of social- and sustainability-labeled instruments to fund a broader range of environmental and social benefits. This report provides a comprehensive summary of regional developments, identifies existing obstacles and challenges, highlights green investment opportunities in key sectors, and offers practical recommendations to further develop sustainable local currency bond markets in ASEAN+3.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 350 pages
File Size : 41,7 Mb
Release : 2019-05-01
Category : Business & Economics
ISBN : 9789292616113

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Good Practices for Developing a Local Currency Bond Market by Asian Development Bank Pdf

Local currency bond markets in ASEAN+3 play an important role in diversifying financial intermediary channels and mitigating the impacts of financial crises. They also have the potential to help mobilize developing Asia's significant savings to meet the region's enormous infrastructure investment needs. Drawing extensively on knowledge generated by the ASEAN+3 Bond Market Forum, the publication looks at the essential building blocks and the enabling environment for these markets, as well as the roles of government, relevant authorities, and market participants.

Author : Bambang Susantono,Donghyun Park,Shu Tian
Publisher : World Scientific
Page : 407 pages
File Size : 52,8 Mb
Release : 2019-11-19
Category : Business & Economics
ISBN : 9789811215131

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Infrastructure Financing In Asia by Bambang Susantono,Donghyun Park,Shu Tian Pdf

First, the book documents the evolution of Asia's infrastructure over the past half-century and reviews existing literature on the role of infrastructure investment in supporting growth and social development. It highlights the positive impact of mass transit investments on land and property values, and the possibility of taxing the increase in values to finance these investments. It then examines Asia's current practices and new solutions that can help meet the infrastructure gap. It discusses the role of institutions, how innovation can foster energy infrastructure investments, and the role of bond markets in infrastructure investments. The book explores ASEAN+3 efforts in developing local currency bond markets to provide long-term local financing for infrastructure investment while providing financial resilience. It also examines the use of green bonds to finance sustainable growth in Asia.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 137 pages
File Size : 41,7 Mb
Release : 2013-05-01
Category : Business & Economics
ISBN : 9789292540661

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Broadening the Investor Base for Local Currency Bonds in ASEAN+2 Countries by Asian Development Bank Pdf

The Asian Development Bank (ADB) has been working closely with the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China (PRC), Japan, and the Republic of Korea---collectively known as ASEAN+3---to promote the development of local currency bond markets in the region through the Asian Bond Markets Initiative (ABMI). ABMI was launched in 2002 to help channel regional savings toward long-term investments within the region. ABMI was established with the goal of improving the resilience of the region's financial systems by helping reduce the double mismatches (maturity and currency) of companies' investment financing. Since the launch of ABMI, local currency bond markets in the region have grown rapidly in recent decades in terms of size and diversity of issuers. This study was undertaken under ABMI and funded by the Government of Japan. It focuses on measures to expand the investor base for local currency bonds in ASEAN, the PRC, and the Republic of Korea, with the goal of generating greater variety in investment objectives and a wider range of investment strategies.

Author : Asian Development Bank
Publisher : Unknown
Page : 0 pages
File Size : 51,5 Mb
Release : 2022-09-07
Category : Electronic
ISBN : 9292697137

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Local Currency Collateral for Cross-Border Financial Transactions by Asian Development Bank Pdf

This report looks at how the use of local currency-denominated bonds for cross-border collateral transactions can be promoted in ASEAN+3 to develop regional bond markets. Active use of local currency-denominated bonds for cross-border collateral transactions can help by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. The report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People's Republic of China, Japan, and the Republic of Korea-known collectively as ASEAN+3.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 69 pages
File Size : 47,7 Mb
Release : 2017-06-01
Category : Business & Economics
ISBN : 9789292578442

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The Asian Bond Markets Initiative by Asian Development Bank Pdf

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.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 332 pages
File Size : 51,8 Mb
Release : 2015-09-01
Category : Business & Economics
ISBN : 9789292570804

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Implementation of the ASEAN+3 Multi-Currency Bond Issuance Framework by Asian Development Bank Pdf

The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) is a policy initiative of the Asian Bond Markets Initiative to create a nexus among domestic professional local currency bond markets in the region by facilitating intra-regional transactions through standardized bond and note issuance and investment processes. This report follows up on the proposal described in the Phase 2 Report of the ASEAN+3 Bond Market Forum (Sub-Forum 1), published in April 2014, to provide procedures on how to implement AMBIF in the region. AMBIF is expected to facilitate intra-regional bond and note issuance and investment by creating common market practices; utilizing a common document for submission, the Single Submission Form; and highlighting transparent issuance procedures as documented in the Implementation Guidelines for each participating market. The report also contains a set of Frequently Asked Questions to provide interested parties, including issuers in the region, with an easy reference for their potential queries and concerns on the implementation of AMBIF.

Author : Asian Development Bank
Publisher : Unknown
Page : 85 pages
File Size : 50,5 Mb
Release : 2013
Category : Bonds
ISBN : 9292540653

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Broadening the Investor Base for Local Currency Bonds in ASEAN+2 Countries by Asian Development Bank Pdf

Author : Shinji Kawai,Taiji Inui
Publisher : Asian Development Bank
Page : 730 pages
File Size : 41,5 Mb
Release : 2013-12-01
Category : Business & Economics
ISBN : 9789292544492

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ASEAN+3 Information on Transaction Flows and Settlement Infrastructures by Shinji Kawai,Taiji Inui Pdf

This report, consisting of three parts, is the result of Phase 2 studies of the ASEAN+3 Bond Market Forum Sub-Forum 2 and enhances the findings of Phase 1. Part 1 provides an overview of ASEAN+3 bond markets and their infrastructure. Part 2 reports on the bond market-related issues of economies in the region. Part 3 contains diagrams of ASEAN+3 bond market infrastructures, domestic bond transaction flows, and cross-border bond transaction flows.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 121 pages
File Size : 42,7 Mb
Release : 2016-10-01
Category : Business & Economics
ISBN : 9789292575984

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ASEAN+3 Bond Market Guide 2016 Singapore by Asian Development Bank Pdf

The Singapore bond market has become one of the most developed open capital markets in Asia with over US$221 billion in total local currency bonds outstanding with an additional US$53 billion of bonds outstanding. The Singapore Bond Market Guide is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Singapore, while the ASEAN+3 Bond Market Guide as a whole is a comprehensive explanation of the region’s bond markets. This report should be recognized as a collective good to support bond market development among ASEAN+3 members.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 293 pages
File Size : 47,6 Mb
Release : 2021-12-01
Category : Business & Economics
ISBN : 9789292691882

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Redefining Strategic Routes to Financial Resilience in ASEAN+3 by Asian Development Bank Pdf

Rapid globalization and digitalization have transformed the financial landscape of ASEAN+3—the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea. Despite impressive reforms, the region faces continued challenges. These include deepening corporate bond markets, coping with cross-border bank concentration risk, reducing dependence on the United States dollar, achieving sustainable infrastructure investments, addressing pension issues, and supporting fintech development. This edited volume highlights the potential for stronger regional financial cooperation to address such challenges. It explores how regional financial cooperation could promote greater financial resilience and stability amid rapid economic and financial development and technological change.

Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 89 pages
File Size : 51,7 Mb
Release : 2021-12-01
Category : Business & Economics
ISBN : 9789292692858

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Detailed Guidance for Issuing Green Bonds in Developing Countries by Asian Development Bank Pdf

This guidance note aims to help bond issuers and their advisors to understand the process and key considerations for a successful green bond issuance. Demand for green bonds and other sustainable finance products is increasing rapidly, and issuers are seeing an opportunity to be part of the green bond market. This publication covers all the steps required to follow best practices in labeling bonds as green. It includes examples, links to further details, and key resources for green bond issuers and their deal teams.

Author : International Monetary Fund,World Bank
Publisher : International Monetary Fund
Page : 157 pages
File Size : 45,9 Mb
Release : 2021-03-12
Category : Business & Economics
ISBN : 9781513573922

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Guidance Note For Developing Government Local Currency Bond Markets by International Monetary Fund,World Bank Pdf

This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.