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Monetary Easing by the Fed Pays Off in Posco's Bond Sale.
- Source :
-
Wall Street Journal - Eastern Edition . 3/20/2009, Vol. 253 Issue 65, pC2. 0p. 1 Black and White Photograph. - Publication Year :
- 2009
-
Abstract
- The article reports that U.S. Federal Reserve's monetary solutions has driven down borrowing costs for Asian companies. South Korean steelmaker Posco lowered its yield guidance for a five-year global bond offering because it had attracted strong investor demand after the news on Federal Reserve's action prompted a sharp fall in U.S. Treasury yields. Companies that will hit the bond market are Hana Financial Group Inc., Industrial Bank of Korea and Korea Railway Corp.
- Subjects :
- *BONDS (Finance)
*BOND market
*GOVERNMENT securities
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 253
- Issue :
- 65
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 37237763