Pandemic derails Myanmar’s Nascent financial market expansion


Image courtesy of The Straits Times/Asian News Network.

YANGON, Oct 10 (Bloomberg): A resurgence of the Covid-19 (coronavirus) outbreak in Myanmar that’s forced a lockdown of its largest city is delaying plans to establish a market for corporate bonds and an additional listing option for companies seeking to go public.

A planned trial of corporate bond trading, set initially for December, has been put off to the first half of next year, said Htay Chun, a commissioner at the Securities and Exchange Commission of Myanmar.

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