Arirang bond

Arirang bond
Hangul	아리랑 본드; 아리랑 채권 (rare)
Hanja	None; 아리랑 債券
Revised Romanization	Arirang Bondeu; Arirang Chaegwon
McCune–Reischauer	Arirang Pondŭ; Arirang Ch'aekwŏn

An Arirang bond is a won-denominated bond issued by a foreign entity in South Korea. The name refers to Arirang, a Korean folk song. The market for Arirang bonds is extremely small, constituting less than 0.2% of corporate bond issuance in South Korea. The Asian Development Bank was the first to issue Arirang bonds, with a 1995 issue of ₩80 billion worth of 7-year bonds.^[1][2]

References

1. "Supplement to MOFE Press Release: 2nd Meeting of the Financial Hub Initiative Committee". Ministry of Finance and Economy. 2006-06-19. Retrieved 2007-07-06.
2. Batten, Jonathan A.; Peter G. Szilagyi (2006-04-19). "Developing Foreign Bond Markets: The Arirang Bond Experience in Korea" (PDF). IIS Discussion Papers (138). Retrieved 2007-07-06.