JFM sets index-linked first

Asia''s first non-sovereign index linked bond is issued in Japan. The product could be coming to a market near you soon.
February 17, 2005

Japan Finance Corp for Municipal Enterprises (JFM), a state owned agency that lends to municipal and provincial governments in Japan, yesterday issued a Y20 billion ($190 million) 10 year index linked bond, becoming the first non-sovereign issuer of index linked bonds in the region.

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