Non-Financial Corporate Bond Financing in Foreign Currency: Trends and Risks in ASEAN +3 Emerging Economies

Non-financial corporates (NFCs) in the ASEAN+3 region have benefited from greater bond issuances post the Global Financial Crisis but this also potentially exposes them to higher risks. 

Based on both aggregate and firm level information, this study examines the changing NFC financing structure, assess potential rollover, interest rate and currency mismatch risks from rising NFC bonds in foreign currencies, and suggest strategies for policy makers to mitigate those risks.

Download Report

PDF Version Download