Go to Contents Go to Navigation

Corporate debt sales tumble 12.5 pct in Feb.

All Headlines 08:18 March 26, 2019

SEOUL, March 26 (Yonhap) -- South Korea's corporate bond sales sank more than 12 percent on-month in February due mainly to a base effect, government data showed Tuesday.

The value of corporate bonds floated in February, including bank bonds and asset-backed securities (ABS), dipped 12.5 percent from the previous month to 11.7 trillion won (US$10.3 billion), according to the data from the Financial Supervisory Service (FSS).

In particular, non-financial firms' debt sales plunged 31.5 percent on-month to slightly more than 4 trillion won in February.

The tumble was attributed mainly to the effect of a spike in corporate bond issues in January, which was a six-year high.

Sales of financial bonds edged down 0.2 percent to 7.05 trillion won, while ABS issues shot up 50.6 percent to 598 billion won.

ABS refers to a security whose income payments, and hence value, are derived from and backed by a pool of underlying assets.

As of end-February, the value of outstanding corporate bonds came to 489.6 trillion won, up 0.2 percent from a month earlier.

Stock sales, including two initial public offerings, meanwhile, rose 17.8 percent on-month to 289.7 billion won last month.

Corporate debt sales tumble 12.5 pct in Feb. - 1


(END)

Keywords
HOME TOP
Send Feedback
How can we improve?
Thanks for your feedback!