Q3 Short-Term Bond Funding Rises 20.4% YoY to KRW 349.3 Trillion
In the third quarter of this year, the amount raised through short-term bonds (STBs) via the Korea Securities Depository totaled KRW 349.3 trillion, up 20.4% from the same period last year.
According to the Korea Securities Depository on October 14, issuance of general short-term bonds rose 22.6% year over year to KRW 249.7 trillion, while issuance of securitized short-term bonds increased 15.0% to KRW 99.6 trillion.
By maturity, bonds with maturities of 92 days or less totaled KRW 348.8 trillion, accounting for 99.9% of all issuance, while bonds with maturities of 93 to 365 days totaled just KRW 500 billion (0.1%). By credit rating, issuance of A1-rated bonds totaled KRW 326.6 trillion, or 93.5% of total issuance.
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By industry, securities companies had the largest issuance volume at KRW 130.5 trillion. They were followed by securitization companies (KRW 99.6 trillion), other financial businesses, including credit card and capital companies (KRW 63.6 trillion), and general corporations and public corporations (KRW 55.6 trillion).
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