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, New Zealand, the Philippines, Taiwan, Thailand, Singapore and South Korea. The initiative aims to help create domestic bond markets throughout the region that will eventually provide Asian companies with the ability to raise substantial funds...
