playdeuceswildonlinefree|S. Korea's corporate bond sale grows in July
2024-08-21 / bossjiliph / view：8 /
SEOULplaydeuceswildonlinefree, Aug. 21 (Xinhua) -- South Korea's corporate bond sale grew last month due to robust funding demand from financial companies, financial watchdog data showed Wednesday.
The issuance of corporate bonds expanded 9.4 percent to 20.1 trillion won (15.1 billion U.S. dollars) in July compared to the previous month, according to the Financial Supervisory Service (FSS).
Financial companies-issued bonds soared 22.0 percent to 16.34 trillion won (12.3 billion dollars) last month, but the issuance of asset-backed securities (ABS) tumbled 58.2 percent to 587.2 billion won (440.3 million dollars).
Bonds, sold by industrial companies, shrank 11.0 percent to 3.18 trillion won (2.4 billion dollars) in the cited month.
The country's central bank had left its benchmark interest rate unchanged at 3.50 percent since January last year.
Equity financing, including the initial public offering (IPO) and the rights issuance, came in at 1.51 trillion won (1.1 billion dollars) in July, down 13.0 percent from a month earlier.■