KSD "3Q Short-Term Bond Fundraising 250.9 Trillion Won... 22% Increase YoY"

[Asia Economy Reporter Minji Lee] The Korea Securities Depository announced on the 11th that the total amount of funds raised through short-term bonds (STB) in the third quarter was 250.9 trillion won, down 71.7 trillion won (22%) compared to the same period last year. Short-term bonds refer to corporate bonds issued under certain conditions, such as a maturity of one year or less and a minimum issuance amount of 100 million won.

The issuance volume of general short-term bonds was 162.5 trillion won, a decrease of 103.7 trillion won (38.6%) during the same period. The issuance volume of securitized short-term bonds increased by 59.6% (32 trillion won) to 85.7 trillion won. Securitized short-term bonds refer to ABSTB, PFABSTB, and others issued by special purpose companies, distinct from general short-term bonds issued by general corporations, securities companies, and other financial institutions. The issuance volume of foreign currency-denominated short-term bonds was 609.8 million dollars, an increase of 20.9% compared to the same period last year.

By maturity, bonds issued within three months accounted for 250.7 trillion won, representing 99.9% of the total. This is mainly attributed to the current exemption benefit from submitting securities registration statements. The issuance volume of ultra-short-term bonds within seven days was 96.8 trillion won, down 52.4% compared to the same period last year. Among these, one-day bonds accounted for 53 trillion won, representing 21.1% of the total issuance volume.

By credit rating, issuance volumes were highest in the order of A1 (226.4 trillion won), A2 (20.5 trillion won), A3 (3.9 trillion won), and below B (100 billion won). The issuance of A1-rated bonds accounted for the majority of the total issuance volume (90.2%), indicating that there has been little change in the preference for safe asset investments.

By industry, issuance volumes were highest in the order of securitization companies (85.7 trillion won), securities companies (75.1 trillion won), card and capital companies and other financial businesses (41.2 trillion won), and general public enterprises (48.9 trillion won).

This content was produced with the assistance of AI translation services.