Corporate direct financing up in Sept. on increased debt sales

SEOUL, Oct. 27 (Yonhap) -- Corporate direct financing rose in September due to a sharp rise in bond sales, data showed Tuesday.

Local companies raised a combined 28.56 trillion won (US$21.6 billion) last month by selling stocks and bonds, up 12.23 trillion won, or 75 percent, from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Stock sales stood at 385 billion won in September, falling 15.3 percent, while corporate bond sales rose 78 percent to 12.29 trillion won over the cited period.

The value of outstanding corporate bonds stood at 777.12 trillion won as of end-September, an increase of 8.27 trillion won, or 1.1 percent, from a month ago, the data showed.

sam@yna.co.kr
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