South Korean bond and CD issuance rises 11.1% in Q3 despite rate hikes
In the third quarter, South Korea issued debt worth 178.3 trillion won, an 11.1% increase from a year earlier, led by a surge in bond sales.
Data from the Korea Securities Depository show that total bond and certificate of deposit issuance reached 178.3 trillion won in Q3, up 11.1% year-on-year. Bond sales jumped 13.8% to 166.4 trillion won, while CD issuance fell 16.8% to 11.9 trillion won. Compared with the previous quarter, overall issuance slipped 1.9%. The Bank of Korea had raised its policy rate to 3% in July and August, marking consecutive hikes.
Why it matters
The figures reveal how recent rate hikes are reshaping South Korea's debt market and investor behavior.
In this story
bond salescertificate of depositissuance11.1 percentthird quarterinterest rate hike3 percent178.3 trillion won
