Asean+3 facility closes its first dong bond guarantee

Tokyo

THE multilateral facility set up by Asean plus China, Japan and South Korea (Asean+3) announced on Monday the successful closing of its first guarantee for a Vietnamese dong bond.

The Credit Guarantee and Investment Facility (CFIF), established in collaboration with the Asian Development Bank (ADB), has backed Singapore dollar-, Indonesian rupiah- and Thai baht-denominated local currency bonds up to now.