bond sales-November

Bond sales rise in November

SEOUL, Dec. 8 (Yonhap) -- Bond sales in South Korea expanded from a month earlier in November on the back of a robust increase in bonds sold by financial institutions, data showed Friday.

The value of bonds sold in South Korea came to 71.5 trillion won (US$54.7 billion) last month, up 3.9 trillion won from a month before, according to the data from the Korea Financial Investment Association.

The yield on three-year Treasury bonds tumbled 50.2 basis points from a month earlier to close at 3.586 percent at end-November.

Government bond issuance shrank by more than 4 trillion won to 8.4 trillion won over the cited period, but corporate bond sales added 150 billion won while sales of bank bonds jumped by more than 9 trillion won to over 38.3 trillion won, the data showed.

Sales of environment, social and governance (ESG) bonds, a type of sustainability debt offering aimed at financing corporate activities in environmentally friendly and sustainable projects, stood at 3.2 trillion won in November, down 2.2 trillion won from the previous month.

Meanwhile, individual investors purchased a net 3.4 trillion won worth of bonds in November, compared with a net purchase of 3 trillion won the month before, while foreigners scooped up a net 4.85 trillion won, down from 5.1 trillion won in October.

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