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Regional
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Grant: REG38080-01
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Asian Bonds Online Web Site
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Location
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Sector
Finance /Capital Markets & Funds
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Initial Listing
25 November 2003
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Most Recent Update
11 February 2004
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Executing Agency(ies)
Asian Development Bank
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Grant Fact-Finding Mission Undertaken/Scheduled: 13-17 Oct 2003
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Grant Approval Date
16 January 2004
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Estimated Completion Date
31 December 2006
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- Cost and Financing Plan (in US$)
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| Source |
Amount |
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JFICT |
2,400,000.00 |
| Total |
2,400,000.00 |
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- Description
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Development of bond markets has been prominent on the reform agenda of many Asian countries especially after the Asian financial crisis. More recently, for the first time, concrete actions are being proposed and taken at regional and subregional levels. An important effort among these is the ASEAN+3 Finance Ministers Asian Bond Markets Initiative (ABMI). ABMI aims to develop efficient and liquid bond markets in Asia, which would enable the private as well as public sector to raise and invest long-term capital with effective management of currency and maturity risks. One component of the ASEAN+3 ABMI is to establish a mechanism for information dissemination.
Many Asian bond issuers with high financial standings are not necessarily known to investors outside the region. Non-Asian investors are also not always well acquainted with the economic, social, and legal environment that underpins Asian bond markets. Developing bond markets in Asia, therefore, requires the improved flow of local information to the global market.
One way to improve information flows for Asian bond markets is to establish an electronic information network. Through such a network, information on bond issuers in the region as well as the economic, social, and legal circumstances surrounding these issuers can be effectively transmitted to markets within and outside the region.
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- Thematic Classification
- Economic Growth / Others
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- Objectives and Scope
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The objective of the project is to establish an Asian Bonds Online web site that will serve as an Internet-based one-stop clearinghouse of information on sovereign and corporate bonds issued by ASEAN+3 countries.
In its complete form, it is envisaged that the web site will (a) gather, process, and disseminate information on bonds issued by sovereigns and corporates of ASEAN+3 countries, (b) monitor developments in bond markets in the region and national/subregional initiatives, and (c) provide a forum for an exchange of ideas and opinions on the development of Asian bond markets.
- Policy Dialogue
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- Environment Category:
To be determined.
- Environment Impact and Mitigation
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- Social Aspects and Remedies
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- Benefits and Beneficiaries
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ADB developing members of the ASEAN+3 countries.
- Beneficiary Participation in Formulation
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Consultation with key maket participants in bond markets in Asia
- Beneficiary Participation in Implementation
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ADB's REMU will implement the project in partnership with the private sector including major institutional investors and credit rating agencies. REMU will also closely collaborate with concerned government agencies of ASEAN+3 countries.
- Consulting Services
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The Project will require about 65.5 person months of international consulting services to be provided by individual consultants. It will require 24 person months of web design/development services to be provided by a team of individual domestic consultants. The Project will also require 300 person months of domestic consulting services provided by individual consultants to generate web contents and maintain the web site.
- Procurement
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- Contacts
- Bank
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Juzhong Zhuang
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Assistant Chief Economist
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EREA
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Tel. No.:
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(632) 632-6621
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E-mail:
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jzhuang@adb.org
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- Executing Agency
- Asian Development Bank
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Contact Person
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