Asian bond fund prepares phase two

Asian central bankers are close to finalizing the second stage of their masterplan to create a regional bond market.

A group of Asian central banks are ready to appoint financial advisers to help implement the second phase of their Asian bond fund initiative. The executives' meeting of East Asia and Pacific central banks EAMAP will launch a fund of bond funds and a pan-Asian bond index fund that, it is hoped, will provide the infrastructure to spur the development of bond markets around the region.

The group involves central banks from Australia, Hong Kong, Indonesia, Japan, Malaysia,...

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