South Korean companies are rushing to raise money in the domestic corporate bond market, which is unusually buoyant at the end of a year amid expectations of interest rate cuts in 2025 with dissipating uncertainties over the US presidential election.Hanwha Ocean Co., the country’s third-largest shipbuilder, plans a bookbuilding session on Tuesday to sell 50 billion won ($35.8 million) in corporate bonds including 20 billion won in notes with a maturity of one and a half years and 30 billion won with a maturity of two years to repay the maturing commercial papers, according to investment banking industry sources.
INFLOWS ON RATE CUT EXPECTATIONSThe domestic corporate bond market is enjoying sustained inflows, industry sources said.“Investors continued to expect rate cuts next year in the fourth quarter,” said Kim Eun-ki, an analyst at Samsung Securities Co.“We may not see the seasonal year-end weakness this year as the bond market has not suffered major outflows.”The corporate bond market typically contracts in November and December as institutional investors close their books, drying up liquidity.
HS Hyosung Advanced Materials whose credit ratings is A plans to sell 120 billion won in corporate bonds on Nov.27, its first debt issuance in three years.
The story "Korea Inc. rushes to booming local corporate bond market" has 340 words across 17 sentences, which will take approximately 2 - 3 minutes for the average person to read.
Which news outlet covered this story?
The story "Korea Inc. rushes to booming local corporate bond market" was covered 1 hours ago by Korea Economic Daily, a news publisher based in South Korea.
How trustworthy is 'Korea Economic Daily' news outlet?
Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news.
The outlet is headquartered in South Korea and publishes an average of 10 news stories per day.
It's most recent story was published 1 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
