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Offshore Bond Sales Expected To Be Robust In 2021

SOUTH KOREA

HSBC sees positive prospects for South Korea offshore bond sales, with issuance already hitting a record in January, deals have risen 106% to $7.4bn.

  • Sangho Rhee, Co-CEO of HSBC Securities Korea, said: "2020 was a strong year for issuance, with low H1 volumes caused by the onset of the pandemic giving way to higher issuance later in the year. Favourable rates, stimulus from government and central banks, and desire to secure liquidity on top of refinancing requirements were all key drivers."
  • "We expect continued strong activity in 2021, as Korean dollar bonds remain popular among international investors keen to buy quality credits. Korea will likely remain a leader in ESG financing, with potential green supply coming from the fast growing electric vehicle value chain, and more social bond issuance to fund pandemic response."
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