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View Full Version : Korea Sells $3 Billion of Bonds to Bolster the Won - Bloomberg



NewsWhore
04-09-2009, 12:10 AM
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Korea Sells $3 Billion of Bonds to Bolster the Won (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DarIG6sXRWd9w%26refer%3Dasia&cid=0&ei=mXbdSa3jCN-ZjAfwyqCxDQ&usg=AFQjCNGzVVBsHVyGnV6-dAS4n-oAn7D_ng)
Bloomberg
Proceeds from South Korea’s first international bond sale since 2006 will be used to support a currency that tumbled 27 percent against the dollar in the past 12 months, Asia’s worst performance. The won slumped as overseas banks hoarded dollars ...


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