No respite for South Korea's corporate bond issuers
Seoul
SOARING bond yields in defiance of two Bank of Korea interest rate cuts earlier this year have dashed any hope of the country's corporate bond market being a source of cheaper financing, just as companies are in desperate need of funds.
Investors are demanding higher premiums as South Korea's industrial sector plumbs new lows. Three shipbuilders - the world's largest - posted a combined loss of 4.75 trillion won (S$5.8 billion) in the quarter ended…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong crypto ETF launches will test ambition to be digital-asset hub
UK pay settlements edge lower in first quarter: industry survey
Trump jury told how publisher buried negative press
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed