Kimchi bond (original) (raw)
A Kimchi bond is a non-won-denominated bond issued in the South Korean market. The name refers to kimchi, a Korean side dish. Woori Bank, which is credited with coining the term, defines it as solely referring to bonds from foreign issuers, a definition echoed by the Ministry of Finance and Economy. However, in practice, the term is also used to refer to non-won-denominated bond issuance by domestic entities. Deutsche Bank credits itself as having executed the first kimchi bond transaction, a US$100 million two-year floating rate note sold by South Korean company , but the first foreign company to sell non-won-denominated bonds in the South Korean market was Bear Stearns. Although foreign firms had long been permitted to issue won-denominated bonds, typically referred to as Arirang bonds,
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| dbo:abstract | A Kimchi bond is a non-won-denominated bond issued in the South Korean market. The name refers to kimchi, a Korean side dish. Woori Bank, which is credited with coining the term, defines it as solely referring to bonds from foreign issuers, a definition echoed by the Ministry of Finance and Economy. However, in practice, the term is also used to refer to non-won-denominated bond issuance by domestic entities. Deutsche Bank credits itself as having executed the first kimchi bond transaction, a US$100 million two-year floating rate note sold by South Korean company , but the first foreign company to sell non-won-denominated bonds in the South Korean market was Bear Stearns. Although foreign firms had long been permitted to issue won-denominated bonds, typically referred to as Arirang bonds, permission for them to issue foreign currency-denominated bonds was slower in coming. Permission was finally granted due to the strength of the won in 2005. (en) |
| dbo:wikiPageID | 12111796 (xsd:integer) |
| dbo:wikiPageLength | 3588 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1068196044 (xsd:integer) |
| dbo:wikiPageWikiLink | dbr:Bear_Stearns dbr:Deutsche_Bank dbr:United_States_dollar dbr:Arirang_bond dbc:Bonds_in_foreign_currencies dbc:Finance_in_South_Korea dbr:Floating_rate_note dbr:Kimchi dbr:South_Korea dbr:South_Korean_won dbr:Woori_Bank dbr:Ministry_of_Finance_and_Economy_(South_Korea) dbr:SK_Global |
| dbp:hangul | 김치본드;김치채권 (en) |
| dbp:hanja | none;김치債券 (en) |
| dbp:mr | Kimch'i Pondŭ;Kimch'i Ch'aekwŏn (en) |
| dbp:rr | Gimchi Bondeu;Gimchi Chaegwon (en) |
| dbp:wikiPageUsesTemplate | dbt:Reflist dbt:Infobox_Korean_name |
| dcterms:subject | dbc:Bonds_in_foreign_currencies dbc:Finance_in_South_Korea |
| gold:hypernym | dbr:Bond |
| rdf:type | yago:Abstraction100002137 yago:LanguageUnit106284225 yago:Name106333653 yago:Part113809207 yago:Relation100031921 dbo:Album |
| rdfs:comment | A Kimchi bond is a non-won-denominated bond issued in the South Korean market. The name refers to kimchi, a Korean side dish. Woori Bank, which is credited with coining the term, defines it as solely referring to bonds from foreign issuers, a definition echoed by the Ministry of Finance and Economy. However, in practice, the term is also used to refer to non-won-denominated bond issuance by domestic entities. Deutsche Bank credits itself as having executed the first kimchi bond transaction, a US$100 million two-year floating rate note sold by South Korean company , but the first foreign company to sell non-won-denominated bonds in the South Korean market was Bear Stearns. Although foreign firms had long been permitted to issue won-denominated bonds, typically referred to as Arirang bonds, (en) |
| rdfs:label | Kimchi bond (en) |
| owl:sameAs | freebase:Kimchi bond wikidata:Kimchi bond https://global.dbpedia.org/id/4pTqe |
| prov:wasDerivedFrom | wikipedia-en:Kimchi_bond?oldid=1068196044&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Kimchi_bond |
| is dbo:wikiPageWikiLink of | dbr:List_of_foreign_currency_bonds dbr:Chinese-issued_U.S._dollar_bonds |
| is foaf:primaryTopic of | wikipedia-en:Kimchi_bond |