Credit guarantee unit to serve Asean | Bangkok Post: business

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Credit guarantee unit to serve Asean

The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross-border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura.

Nishimura: Could grow bond markets

He said the CGIF will fill in the gap created by "structural factors" that had impeded some creditworthy companies which have no track record and wanted to access the market.

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