Conference on Asian bond markets outlook on April 23 in Mumbai

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Singapore, Apr 11 (UNI) Top Indian officials along with key global investment bankers, economists and fund managers will discuss the impact of financial market turmoil on Asian bond markets on April 23 in Mumbai.

The Manila-based Asian Development Bank (ADB), in association with rating agency ICRA and global information company Reuters, is hosting the conference ''Asian Bond Market Outlook: How Resilient is Asia?''.

Clearing Corporation of India Chairman R H Patil and Securities and Exchange Board of India (SEBI) member T C Nair will address the conference.

The outlook and risks facing developing Asian bond markets will be discussed during two panel sessions, including leading market players from the world's largest bond funds-- PIMCO, Merrill Lynch, JP Morgan, BNP Paribas, Calyon, along with representatives from the Bank for International Settlements (BIS), SEBI, ICRA, Reuters and ADB.

The first session will discuss the outlook, risks and policy challenges facing Asia's bond markets against the backdrop of an economic slowdown in major industrialised nations and an inflationary spike across the region.

The second panel will concentrate on bond market developments in India, how markets are there compare with other Asian markets.

The future of Indian bond market development as the economy becomes more integrated into global and regional financial markets, will also be discussed.

''Given current economic developments and continued financial market uncertainty, it is important to assess the impact of these global events in the context of Asia's bond markets,'' said Jong-Wha Lee, Head of ADB's Office of Regional Economic Integration (OREI).

ADB will also launch the latest Asia Bond Monitor (ABM), which provides an update on developments, challenges and outlook for emerging East Asian bond markets and a theme chapter on the Indian bond market.

UNI XC SG BST0157

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