Q3 bond and CD issuance tops 178 trillion won, up 11% year on year

[Financial News] Electronically registered bond and negotiable certificate of deposit (CD) issuance topped 178 trillion won in the third quarter of this year. That was up 11% from a year earlier, but slightly down from the previous quarter.
The Korea Securities Depository said on the 13th that electronically registered bond and CD issuance totaled 178.3 trillion won in the third quarter of this year. That was up 11.1% from 160.5 trillion won in the same quarter a year earlier, but down 1.9% from 181.7 trillion won in the previous quarter.
Registered bond issuance totaled 166.4 trillion won, up 13.8% from the same quarter a year earlier and down 2.8% from the previous quarter. CD issuance totaled 11.9 trillion won, down 16.8% year on year but up 13.3% quarter on quarter.
By type, special bond issuance was the largest category at 76.9 trillion won, accounting for 43.1% of the total. Financial company bonds totaled 64.3 trillion won, or 36.1%, while CDs totaled 11.9 trillion won, or 6.7%.
General corporate bond issuance totaled 11.8 trillion won, down 28.9% from the same quarter a year earlier and 34.4% from the previous quarter. Special purpose company (SPC) bond issuance also fell, by 31.6% and 34.9%, respectively, to 5.4 trillion won.
By contrast, financial company bond issuance rose 11.1% year on year and 15.9% quarter on quarter to 64.3 trillion won. Special bond issuance also increased 39.6% from a year earlier, but fell 4.8% from the previous quarter.
In addition, 3.7 trillion won in National Housing Bonds, 3.1 trillion won in local public corporation bonds, and 1.2 trillion won in local government bonds were issued. 

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