April 26, 2024

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[THE INVESTOR] Korean companies’ equity and debt sales rose 22.9 percent on-month in April thanks to a jump in sales of corporate debts, government data showed on May 30.

Local companies raised 19.1 trillion won (US$17.70 billion) by selling stocks and bonds last month, up 3.57 trillion won from a month earlier, according to the data from the Financial Supervisory Service.

Stock sales, including five initial public offerings, fell 33.1 percent on-month to 1.5 trillion won last month.

The value of corporate bonds floated in April, including bank bonds and asset-backed securities, rose 32.3 percent from a month earlier to 17.6 trillion won.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)