Bond, CD issuance climbs 11.1% in Q3
Sales of bonds and certificates of deposits (CDs) in Korea rose more than 11 percent in the third quarter of this year from a year earlier, data showed Tuesday. The value of debt instruments issued during the third quarter came to 178.3 trillion won ($134 billion), up 11.1 percent from a year earlier, according to the data from the Korea Securities Depository. Bond sales jumped 13.8 percent…
According to data from the Korea Securities Depository, bond and certificate of deposit (CD) issuance in Korea increased by more than 11 percent in the third quarter of the year compared to the same period last year. The total value of debt instruments issued reached 178.3 trillion won ($134 billion), marking an 11.1 percent increase from the previous year.
Bond sales saw a notable rise of 13.8 percent, reaching 166.4 trillion won, while CD issuance declined by 16.8 percent to 11.9 trillion won. However, when compared to the previous quarter, sales of bonds and CDs experienced a 1.9 percent decrease. The Bank of Korea raised its key interest rate to 3 percent for two consecutive meetings in July and August, the first back-to-back rate hikes since January 2023.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Bond, CD issuance climbs 11.1% in Q3 koreatimes.co.kr
- Bond, CD issuance climbs 11.1 pct in Q3 en.yna.co.kr
