SEOUL, June 2 (Yonhap) — Corporate direct financing increased sharply in April from the previous month on the back of a rise in bond sales, data showed Tuesday.
Local companies raised a combined 22.62 trillion won (US$14.94 billion) in April by selling stocks and bonds, up 2.63 trillion won, or 13.2 percent, from a month earlier, according to the data from the Financial Supervisory Service (FSS).
Stock sales fell by 26.6 billion won, or 6 percent, to 413 billion won in April from a month earlier, and corporate bond sales also rose 2.66 trillion won, or 13.6 percent, to 22.20 trillion won over the cited period.
The value of outstanding corporate bonds stood at 745.28 trillion won as of end-April, down 2.04 trillion won, or 0.3 percent, from a month earlier, the latest findings showed.
sam@yna.co.kr
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