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Close of April 24, 2024 |
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
No data available for this market | ||||
Currencies | Latest Rate | Previous Day | Previous Week | YTD |
LAK per USD | 21,329.050 | ▼ 0.0 | ▼ 0.3 | ▼ 3.7 |
LAK per JPY | 137.297 | ▲ 0.3 | ▲ 0.3 | ▲ 5.8 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
No data available for this market |
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Policy Rates | Latest Rate (7-Mar-2024) |
Previous Rate (13-Feb-2023) |
YTD Rate |
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Less than 1 Week Short-term Lending Rate |
8.500 | ▲ 100.0 | ▲ 100.0 | |
* Policy rate changes are expressed in basis point change. |
Agency | Rating | Outlook | Date | |
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Regional Rating Institutions | ||||
RAM | B2 | stable | 2017-06-13 | |
Non-Regional Rating Institutions | ||||
No data available for this market | ||||
NEWS HIGHLIGHTS
ASEAN+3 Bond Market Guide provides an in-depth look at the region's bond markets. It explains the markets’ legal and regulatory frameworks, specific characteristics, trading and transactions (including settlement systems), and other relevant information and data. The Bond Market Guide 2017 for the Lao People’s Democratic Republic is the result of comments and contributions from ASEAN+3 Bond Market Forum members and experts, particularly in the Lao People’s Democratic Republic. A highlight of this guide is an update on the development of the country’s securities market. View Report
* Download previous issues PDF | ||||
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2024 | Mar |
The Lao People’s Democratic Republic’s (PDR) total local currency government bonds outstanding reached LAK26.6 trillion at the end of 2022, up from LAK24.0 trillion in 2021, due to the issuance of investment bonds and triangular bonds to finance domestic public investment. By the end of 2022, investment bonds accounted for 56.9% (LAK15.1 trillion) of total local currency bonds outstanding, followed by triangular bonds (24.6%, LAK6.5 trillion). Treasury bills issued via the Lao Securities Exchange and the Bank of the Lao PDR collectively accounted for 18.5% (LAK4.9 trillion).
Total foreign currency bonds outstanding issued by the Government of the Lao PDR and the corporate sector rose to USD2.7 billion by the end of December 2022 from USD2.4 billion in 2021. Central government bonds used to dominate the Lao PDR’s foreign currency bond market until 2018, with their share of the total declining from 56.3% in 2018 to 42.2% by the end of December 2022 as corporate bond issuances increased. In particular, hydropower companies—such as EDL Generation, Xayaburi Power, and Nam Ngum 2 Power—tapped the Thai bond market for financing.