Korean firms rush to issue bonds before presidential election

Quick Summary:

Net issuance, excluding redemptions, jumped to 4.42 trillion won, reversing a 3.91 trillion won net contraction a year ago.“Companies are front-loading funding to avoid potential market volatility tied to a big political event like a presidential election,” said an official at a domestic brokerage house.

According to investment banking industry sources on Wednesday, about 10 companies, including SK Group’s holding firm SK Corp., Hanwha Energy Corp.and Korean Air Lines Co., plan to tap institutional demand before the June 3 snap election, which follows the impeachment of former President Yoon Suk Yeol.

SK, HANWHA AND KOREAN AIR LEAD SK Group is back in the bond market to raise capital just a month after its affiliates – SK Broadband Inc.and SK Innovation Co.– raised 200 billion won and 800 billion won, respectively, through debt sales.

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Article Details

Category: Economy

Markets: South Korea

Topics: Hanwha Market Election Billion Corporate Plans Corp Korea Korean Bond Month

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 17:19:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 18 lines

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Copyright Owner: © Korea Economic Daily

News ID: 28705617

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