SEOUL, May 21 (Korea Bizwire) — Corporate direct financing in South Korea surged more than 20 percent from a month earlier in April on a sharp increase in bond issuance, data showed Tuesday. Local companies raised a combined 24.6 trillion won (US$18.1 billion) by selling stocks and bonds last month, up 20.1 percent from the [...]
SEOUL, March 30 (Korea Bizwire) — Foreign investors have been rushing to buy South Korean bonds on expectations of global monetary easing since the recent collapse of Silicon Valley Bank (SVB) in the United States, industry sources said Thursday. Foreigners bought a net 11.09 trillion won (US$8.5 billion) worth of South Korean bonds between March [...]
SEOUL, Dec. 28 (Korea Bizwire) — The National Assembly on Wednesday approved a legal revision meant to raise the ceiling on bond issuance by money-losing state-run Korea Electric Power Corp. (KEPCO) in order to prevent a liquidity crisis at the firm and ensure stable power supply. The partial revision allows KEPCO to raise its bond [...]
SEOUL, Dec. 10 (Korea Bizwire) — The industry ministry said Friday it will again push for a law revision meant to raise the ceiling of bond issuance by the money-losing state-run Korea Electric Power Corp. (KEPCO) in a move to prevent its liquidity crisis and ensure stable power supplies. The ministry made the decision in [...]
SEOUL, Feb. 16 (Korea Bizwire) — Bond yields in South Korea are climbing at a fast pace on hopes of an economic recovery and more stimulus measures in major economies, analysts said Tuesday. The final offer rate on 10-year Treasurys came to an annual 1.871 percent on the local bond market Monday, the highest return [...]
SEOUL, May 11 (Korea Bizwire) — Foreign investors have ramped up their investment in South Korean bonds this year amid the country’s relatively favorable economic conditions, data showed Monday. Offshore investors held 140.9 trillion won (US$115 billion) worth of listed government and corporate bonds as of end-April, up 17 trillion won from the end of [...]
Stockholm, Sweden, Nov. 8 (Korea Bizwire) – Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has mandated Danske Bank and Handelsbanken to arrange a series of fixed income investor meetings in the Nordics on November 13-14th in order to explore the possibilities for issuing a senior unsecured bond. Subject to [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea said Thursday that the Federal Reserve’s decision to trim its balance sheet is likely to have a limited impact on Asia’s fourth-largest economy. “I don’t think the Fed’s decision will have a big impact on the domestic financial markets,” Bank of Korea Gov. Lee Ju-yeol told reporters [...]
SEOUL, Sept. 13 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$3.25 billion in August due to security jitters and profit-taking, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea (BOK) said. It marked the first sell-off [...]
HONG KONG, CHINA, Dec. 20 (Korea Bizwire) – BMO Global Asset Management (Asia) Limited today announced a dividend of HK$0.13 per unit for BMO Asia USD Investment Grade Bond ETF (stock code: 3141.HK). The expected dividend date is December 28, 2016, and the record date is December 29, 2016. The distribution-payable date is January 6, [...]