Wednesday, July 18, 2007

China, India, Indonesia, South Korea, Sri Lanka: Asia Local Bond Preview

(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.

China: The Agricultural Development Bank of China on July
17 sold 10 billion yuan ($1.32 billion) of five-year floating
rate notes. The interest rate was based on the current one-year
deposit rate of 3.06 percent plus an auctioned spread of 73
basis points. The bank will auction another 10 billion yuan of
one-year fixed rate notes next week. Major economic data in June,
including the consumer prices index, will be released today,
according to the Bureau of Statistics.


Read more at Bloomberg Bonds News

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