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ADB lauds bond issue under Asean+3 initiative

It comes amid warning about a build-up of US dollar denominated debt in Asia with prospect of rising rates

Tokyo

THE Asian Development Bank said on Monday that a Thai baht bond issued by Japan's Mizuho Bank - the first such under the Asean+3 Multi-Currency Bond Issuance Framework - will expand funding sources and help reduce financial market risks in Asia.

Welcoming the move, the ADB