Bond sales in South Korea rose sharply from a month earlier in February, helped by strong demand for corporate bond issues, data showed Wednesday.
The value of bonds sold last month came to 86.1 trillion won ($59.2 billion), up 14.7 trillion won from a month earlier, according to the data from the Korea Financial Investment Association.
The value of outstanding bonds rose 39 trillion won to 2,882 trillion won over the cited period.
Last month, corporate bond issuance added 7.4 trillion won to 19.7 trillion won over the same period.
Demand forecasting for corporate bonds came to 10.06 trillion won in February, up 2.81 trillion won from January, the data showed.
Foreign investors' bond holdings stood at 271.5 trillion won as of end-February, up 5.2 trillion won from a month earlier. (Yonhap)
herald@heraldcorp.com
