“The government has begun preparations to issue foreign exchange equalization fund bonds (Forex stabilizing bonds) denominated in Australian dollars for the first time ever.”
“This move is aimed at expanding the investment base for Korean bonds by uncovering new investment demand, following the decision to include them in the World Government Bond Index (WGBI).”
“The Ministry of Economy and Finance announced that it has completed the selection of agencies to handle the issuance of Australian dollar-denominated Forex stabilizing bonds.”
“The selected agencies are ANZ (Australia and New Zealand), Mizuho, and Nomura.”
“Australia is known to have many well-rated investors, such as various pension funds and global asset management firms.”
“The government expects that the function of Forex stabilizing bonds as a benchmark, allowing domestic companies and financial institutions to procure new currencies at cheaper rates, will be strengthened.”
“Before the issuance of the Forex stabilizing bonds, the government plans to hold in-person investor presentations for investors in the Australian region.”
“If necessary, the government also intends to actively use non-face-to-face promotional means, such as ‘global investor calls’, targeting investors worldwide.”