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Sales of short-term corporate bonds swell 26.8 pct in Q1

Economy 10:29 April 11, 2022

SEOUL, April 11 (Yonhap) -- Sales of corporate bonds with maturity of one year or below in South Korea grew 26.8 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday.

Local companies issued 326.2 trillion won (US$265.1 billion) worth of such debts, compared with 257.2 trillion won from a year earlier, according to the data from the Korea Securities Depository (KSD). But the issuance decreased 5.1 percent from a quarter ago.

Short-term bonds refer to those that come due within one year.

Sales of bonds maturing within three months stood at 323.9 trillion won, accounting for 99.3 percent of the total.

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jwc@yna.co.kr
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