S. Korea's bond issuances rise 14.2 pct in April

(ATTN: CORRECTS dateline; ADDS background in para 4)
SEOUL, May 11 (Yonhap) -- South Korea's bond issuance climbed 14.2 percent in
April from a month earlier due mainly to increased sales of Treasuries and bonds
by the central bank, the bourse operator said Monday.

The nation's state enterprises, private companies and other agencies issued a
combined 65.06 trillion won (US$52.2 billion) worth of bonds last month, compared
with 56.98 trillion won the previous month, according to the Korea Exchange
(KRX).
The April increase was mainly attributable to massive sales of bonds by the Bank
of Korea to absorb short-term funds from the market, the operator said.
When inflationary pressure builds up, the central bank usually sells monetary
stabilization bonds to siphon off liquidity from financial institutions.
The government also increased sales of Treasuries after it expanded its
supplementary budget, it said.
The value of the nation's outstanding bonds stood at 948.69 trillion won as of
the end of April, up 24.63 trillion won from the previous month, it said.
pbr@yna.co.kr
(END)