Dollar or yuan? Govt weighs maiden sovereign bond - daily-sun.com
Dollar or yuan? Govt weighs maiden sovereign bond - daily-sun.com
Source: daily-sun.com
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DW NOTE
Bangladesh can't decide whether to borrow in dollars at 6% or yuan at 4.8% because both currencies could move 15% against the taka before the first coupon payment. Sovereign bonds don't solve fiscal crises — they just let you choose which foreign central bank owns your rollover risk.