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Corporate Bond Market Rebounds in September with Strong Demand
Finance · Major Banks · yonhap_finance · 2026-09-03
021240
The corporate bond market has regained momentum in September, as companies like Coway and Hana Securities see massive oversubscription in recent offerings.
What Happened
Market Rebound: The corporate bond market has emerged from its summer lull, showing renewed strength in September. Major issuers, including Coway and Hana Securities, successfully attracted significant investor interest during recent demand forecasting sessions.
Strong Demand: Coway secured 1.8 trillion won against a 200 billion won target, while financial institutions like Hana Securities and Woori Financial F&I also saw demand far exceeding their initial goals. Most issuers successfully priced their bonds below individual market valuation rates, reducing their cost of capital.
Market Analysis: Analysts attribute the surge to pent-up demand following a quiet August. Furthermore, the perception that government bond yields have peaked and expectations for narrowing credit spreads have bolstered investor appetite for corporate credit.
Outlook: Despite the successful demand forecasting, companies remain cautious, often favoring bank loans or short-term financing for cost efficiency. While the market is active, corporate issuers are expected to maintain a balanced approach to debt management amid ongoing interest rate concerns.