Korean Corporate Bond Sentiment Improves After Jolt From Rates

South Korea’s local corporate bond market is showing signs of improving investor sentiment after a spike in short-term government bond yields to a one-year high caused buyers of credit to demand higher risk premiums.

Successful debt offerings this week underscored the rebound. Telecom giant KT Corp. said this week it got orders for its planned bond sale of more than five times the expected issuance size of 200 billion won ($136 million), while conglomerate SK Inc. also received robust demand for its latest note deal.