S. Korean bond issuance gains 14 pct in March

SEOUL, April 6 (Yonhap) -- South Korea's bond issuance climbed 13.7 percent in March from a month earlier due mainly to an increase in the central bank's debt selling, the bourse operator said Monday.

The nation's state enterprises, private companies and other agencies issued a
combined 56.98 trillion won (US$42.9 billion) worth of bonds last month, compared
with 50.1 trillion won the previous month, the Korea Exchange said in a report.
The rise came as the Bank of Korea floated more monetary stabilization bonds to
absorb short-term funds from the market, KRX said.
The Bank of Korea and other state enterprises sold 38.7 trillion won in bonds
last month, while the central and provincial governments floated 7.9 trillion won
worth of debts and private companies issued 10.4 trillion won, according to KRX.

The value of the nation's outstanding bonds stood at 924.1 trillion won as of the
end of March, up 14.13 trillion won from a month earlier, it said.
(END)