In the third quarter of this year, the scale of electronic registration for bonds and certificates of deposit (CD) exceeded 178 trillion won, marking an 11.1% increase compared to the same period last year. While the issuance of special bonds and financial company bonds rose, general company bonds saw a decline.
According to the Korea Securities Depository on October 13, the total amount raised through the electronic registration system for bonds and CDs in the third quarter was 178.3 trillion won, up from 160.5 trillion won a year earlier, but down 1.9% from the previous quarter's 181.7 trillion won.
The total bond issuance reached 166.4 trillion won, a 13.8% increase from the same period last year, although it decreased by 2.8% from the previous quarter. The issuance of CDs was 11.9 trillion won, which represents a 16.8% decrease year-on-year, but a 13.3% increase from the previous quarter.
By type of bond, the issuance of special bonds and financial company bonds drove the increase. In the third quarter, the issuance of special bonds was 76.9 trillion won, up 39.6% from the previous year, while financial company bonds totaled 64.3 trillion won, an 11.1% increase. In contrast, general company bonds fell to 11.8 trillion won, a decrease of 28.9%, and special purpose company (SPC) bonds also dropped to 5.4 trillion won, down 31.6%.
Compared to the previous quarter, the issuance of financial company bonds increased by 15.9%, while general company bonds and SPC bonds decreased by 34.4% and 34.9%, respectively. The issuance of special bonds also fell by 4.8% from the previous quarter.
In terms of overall bond and CD issuance, special bonds accounted for the largest share at 43.1%. This was followed by financial company bonds at 36.1%, CDs at 6.7%, general company bonds at 6.6%, SPC bonds at 3.0%, national housing bonds at 2.1%, local government bonds at 1.7%, and municipal bonds at 0.7%.
* This article has been translated by AI.
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