S. Korea's debt sales rise in 2018: data
SEOUL, Jan. 11 (Yonhap) -- The total amount of debt sold in South Korea rose last year on the back of a surge in corporate bonds and bank debentures, data showed Friday.
The combined bonds issued in 2018 totaled 630.3 trillion won (US$564.53 billion), up 2.8 percent from the previous year, according to the data by the Korea Financial Investment Association (KOFIA).
The increase was led by a surge in the sales of corporate bonds, which spiked 24.4 percent on-year to 79.6 trillion won. Bank debentures floated last year surged 11.2 percent to 191 trillion won, the data showed.
But the amount of state bonds issued last year fell 6.7 percent on-year to 114.9 trillion won, and the so-called monetary stabilization bonds decreased 2.32 percent to 159.9 trillion won.
"Growing corporate demand for funds ahead of an interest rate hike and soaring household debt, among others, appear to have caused the surge in bond issuance in 2018," the KOFIA said in a release.
graceoh@yna.co.kr
(END)
-
Pelosi to meet Nat'l Assembly speaker amid heightened regional tensions over Taiwan visit
-
BTS could be allowed to perform overseas during military service: defense minister
-
(LEAD) N. Korea slams Pelosi's Taiwan visit, backs China's position
-
U.S. House Speaker Pelosi arrives in S. Korea amid Sino-U.S. tensions over Taiwan
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(2nd LD) Kim, Pelosi agree to support efforts for denuclearization of N. Korea
-
(LEAD) Assembly speaker meets with Pelosi amid heightened Sino-U.S. tensions
-
BTS could be allowed to perform overseas during military service: defense minister
-
(2nd LD) Yoon calls Pelosi's visit to Seoul sign of deterrence against N. Korea
-
Pelosi to meet Nat'l Assembly speaker amid heightened regional tensions over Taiwan visit
-
N. Korea appears to release border dam water without prior notice: official
-
(2nd LD) Central region suffers damage after heavy rain
-
(LEAD) Central region suffers damage after heavy rain
-
Education minister expected to resign amid criticism of proposal to lower school entry age
-
Whereabouts of 55 Thai tourists on Jeju unknown