April 23, 2024
Finance
Korea’s direct corporate financing soars in Oct.
[THE INVESTOR] South Korea’s corporate financing through equity and bond sales increased in October, government data showed on Nov. 29.
Local firms raised a total of 11.8 trillion won (US$10 billion) by selling stocks and bonds in October, up 26.6 percent from a month earlier, according to the Financial Supervisory Service.
The issuance of stocks jumped 143.9 percent to 1.06 trillion won, as 13 companies were newly listed on the KOSDAQ market through initial public offerings.
Ordinary corporate bond issuance grew 26.8 percent to 3 trillion won.
“In particular, the ratio on A-rated bond sales climbed to 28.1 percent from 11.4 percent during the month,” the FSS said.
Financial debt issuance came to 6 trillion won, a 16 percent increase from the previous month. Outstanding corporate bonds totaled 411.8 trillion won, down 0.1 percent from 412.3 trillion won posted a month earlier.
(theinvestor@heraldcorp.com)
Local firms raised a total of 11.8 trillion won (US$10 billion) by selling stocks and bonds in October, up 26.6 percent from a month earlier, according to the Financial Supervisory Service.
The issuance of stocks jumped 143.9 percent to 1.06 trillion won, as 13 companies were newly listed on the KOSDAQ market through initial public offerings.
Ordinary corporate bond issuance grew 26.8 percent to 3 trillion won.
“In particular, the ratio on A-rated bond sales climbed to 28.1 percent from 11.4 percent during the month,” the FSS said.
Financial debt issuance came to 6 trillion won, a 16 percent increase from the previous month. Outstanding corporate bonds totaled 411.8 trillion won, down 0.1 percent from 412.3 trillion won posted a month earlier.
(theinvestor@heraldcorp.com)
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