Korea Bond Sales Surge to Record After SK Hynix, Aerospace Deals
- Spreads tightened below what they were before Legoland crisis
- 2024 may be record year for issuance if no credit events: KB
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South Korean companies are selling local-currency corporate bonds at a record pace this year, as investors lock in yields before expected rate cuts and authorities win some confidence in their handling of property sector strains.
Issuance of the debt securities by Korean companies jumped 28% to a record 31 trillion won ($22.9 billion) so far this year, out-pacing previous comparable periods, according to data compiled by Bloomberg. Firms including SK Hynix Inc. and Korea Aerospace Industries increased the size of bond deals earlier this month after strong demand from investors.