April 26, 2024

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[THE INVESTOR] Korean companies’ equity and debt sales fell 24.1 percent on-month in May, hit by a decline in sales of corporate debts and new stocks, government data showed Thursday.

Local companies raised 14.5 trillion won (US$12.90 billion) by selling stocks and bonds last month, down 4.6 trillion won from a month earlier, according to the data from the Financial Supervisory Service.

Stock sales, including five initial public offerings, plunged 88.7 percent on-month to 171 billion won last month.

The value of corporate bonds floated in May, including bank bonds and asset-backed securities, fell 18.6 percent from a month earlier to 14.3 trillion won.

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