Bond, CD issuance climbs 11.1% in Q3
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Bank of Korea Gov. Shin Hyun-song speaks during a parliamentary audit held at the Bank of Korea in Seoul, Monday. Yonhap
Sales of bonds and certificates of deposits (CDs) in Korea rose more than 11 percent in the third quarter of this year from a year earlier, data showed Tuesday.
The value of debt instruments issued during the third quarter came to 178.3 trillion won ($134 billion), up 11.1 percent from a year earlier, according to the data from the Korea Securities Depository.
Bond sales jumped 13.8 percent on-year to 166.4 trillion won, while CD issuance sank 16.8 percent to 11.9 trillion won.
Compared with a quarter ago, however, sales of bonds and CDs fell 1.9 percent.
The Bank of Korea lifted its key rate to 3 percent over two straight meetings in July and August, marking the first back-to-back rate hikes since January 2023.
