Tue, 26 Sep 2023

SEOUL, May 22 (Xinhua) -- South Korea's corporate bond sale rose in single digits last month due to higher funding demand from industrial companies, financial watchdog data showed Monday.

The issuance of corporate bonds came in at 20.16 trillion won (15.3 billion U.S. dollars) in April, up 7.8 percent from the previous month, according to the Financial Supervisory Service (FSS).

Industrial companies continued to sell medium-term bonds to finance their facility investment.

Bonds sold by industrial companies came to 6.34 trillion won (4.8 billion dollars) in April, up 34.7 percent from the prior month.

Financial companies-issued bonds shrank 4.9 percent to 12.05 trillion won (9.1 billion dollars), while the issuance of asset-backed securities advanced 34.0 percent to 1.77 trillion won (1.3 billion dollars).

Equity financing, including the initial public offering and the rights issuance, stood at 82.1 billion won (62.1 million dollars) in April, down 67.1 percent from a month earlier.

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