Arirang bond

Arirang bond

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 were the first to issue Arirang bonds, with a 1995 issue of ₩80 billion worth of 7-year bonds. [cite news|url=http://english.mofe.go.kr/news/view.html?sn=4421&sub=01&page=&q=&
|publisher=Ministry of Finance and Economy|title=Supplement to MOFE Press Release: 2nd Meeting of the Financial Hub Initiative Committee|date-2006-06-19|accessdate=2007-07-06|
] [cite journal|url=http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp138.pdf|title=Developing Foreign Bond Markets: The Arirang Bond Experience in Korea|last=Batten|first=Jonathan A.|coauthors=Peter G. Szilagyi|format=PDF|journal=IIS Discussion Papers|issue=138|date=2006-04-19|accessdate=2007-07-06]

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