| Arirang bond | |
|---|---|
| Hangul | 아리랑 본드; 아리랑 채권 (rare) |
| Hanja | None; 아리랑 債券 |
| Revised Romanization | Arirang Bondeu; Arirang Chaegwon |
| McCune–Reischauer | Arirang Pondŭ; Arirang Ch'aekwŏn |
An Arirang bond is a won-denominated bond issued by a foreign entity in South Korea. The name refers to Arirang, a Korean folk song. The market for Arirang bonds is extremely small, constituting less than 0.2% of corporate bond issuance in South Korea. The Asian Development Bank was the first to issue Arirang bonds, with a 1995 issue of ₩80 billion worth of 7-year bonds.[1][2]