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Article: S. KOREA TO USE 5-YEAR TREASURIES FOR DEBT BENCHMARK YIELD.
- Article from:
- AsiaPulse News
- Article date:
- February 21, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Feb 21 Asia Pulse - South Korea plans to use 5-year Treasuries for benchmark yields starting from next month as part of its efforts to nurture the local debt market, the country's Finance Ministry said Tuesday.
Also, the bidding price unit for Treasuries will be cut to 1 billion won (US$1.03 million) from the current 10 billion won to allow individual investors to invest in debts, according to the ministry.
The trading volume of 5-year Treasuries accounted for roughly 41 per cent of the total last year, which means that there would be no problem for their yields to serve as benchmark yields for the local bond market, according to the ministry.
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