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South Korean Firms Raise 20.14 Trillion Won via Stocks and Bonds in May, Down 10.9 Percent
Local firms raised 20.14 trillion won through stock and bond sales last month. The total declined from April as corporate bond issuance dropped sharply while stock sales increased.
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Corporate direct financing in South Korea declined in May as companies sold fewer bonds, Yonhap reported. Local firms raised a combined 20.14 trillion won by issuing stocks and bonds, down 2.48 trillion won or 10.9 percent from the prior month, according to data from the Financial Supervisory Service. Stock sales increased 946 billion won to 1.36 trillion won.
Corporate bond sales fell 3.42 trillion won or 15.4 percent to 18.73 trillion won. The value of outstanding corporate bonds reached 749.39 trillion won at the end of May. That figure rose 4.12 trillion won or 0.6 percent from the end of April.
The Financial Supervisory Service released the figures on Tuesday.
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