ID :
211887
Mon, 10/10/2011 - 01:12
Auther :
Shortlink :
https://oananews.org//node/211887
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S. Korea's bond issuance down 15.4 pct in Q3
SEOUL (Yonhap) - South Korea's bond issuance dropped 15.4 percent in the third quarter from three months ago as the central bank and local companies scaled back their debt sales, the bourse operator said Monday.
Bond issuance by the country's government, public institutions and companies came to 133.5 trillion won (US$113.4 billion) in the July-September period, compared with 157.9 trillion won in the previous quarter, according to the data by the Korea Exchange (KRX).
South Korea's bond issuance totaled 425.6 trillion won in the January-September period, the KRX added.
The comparable on-year figure was unavailable since the KRX began compiling the data in May this year.
The sale of the so-called monetary stabilization bonds (MSB) by the Bank of Korea slumped 22.6 percent on-quarter to 47.1 trillion won, according to the bourse operator. The central bank usually floats MSBs to siphon off excess liquidity from the financial system.
Sales of state debts plummeted 26.6 percent to 22.9 trillion won, while corporate bond issuance tumbled 19.6 percent to 30 trillion won, according to the KRX.
The bourse operator said the decline in corporate debt sales came as companies had already rushed to secured funds earlier this year in a bid to brace for a rate hike.
Bond issuance by the country's government, public institutions and companies came to 133.5 trillion won (US$113.4 billion) in the July-September period, compared with 157.9 trillion won in the previous quarter, according to the data by the Korea Exchange (KRX).
South Korea's bond issuance totaled 425.6 trillion won in the January-September period, the KRX added.
The comparable on-year figure was unavailable since the KRX began compiling the data in May this year.
The sale of the so-called monetary stabilization bonds (MSB) by the Bank of Korea slumped 22.6 percent on-quarter to 47.1 trillion won, according to the bourse operator. The central bank usually floats MSBs to siphon off excess liquidity from the financial system.
Sales of state debts plummeted 26.6 percent to 22.9 trillion won, while corporate bond issuance tumbled 19.6 percent to 30 trillion won, according to the KRX.
The bourse operator said the decline in corporate debt sales came as companies had already rushed to secured funds earlier this year in a bid to brace for a rate hike.
