\n Corporate direct financing in South Korea shrank more than 22 percent from a month earlier in March due to a sharp decline in corporate bond issuances, data showed Sunday.<\/p>\n
Local firms raised a combined 20.5 trillion won (US$14.86 billion) by selling stocks and bonds last month, down 22.5 percent from the previous month, according to the data from the Financial Supervisory Service.<\/p>\n
Direct financing refers to raising funds directly from the stock and bond markets without borrowing from banks and other financial institutions.<\/p>\n
Stock issuances jumped more than sevenfold to over 1.9 trillion won from 242.8 billion won over the cited period, but bond sales tumbled 29 percent on-month to 18.62 trillion won from 26.23 trillion won, according to the released data.<\/p>\n
The value of outstanding corporate bonds stood at 655.86 trillion won as of end-March, up 2.19 trillion won from a month earlier.<\/p>\n
Local businesses issued 27.3 trillion won worth of commercial papers in March, down 7.23 trillion won, or 20.9 percent, fro
\nm a month earlier.<\/p>\n
They also issued 63.2 trillion won worth of short-term bonds, up 790 billion won, or 1.3 percent, from a month before.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Corporate direct financing in South Korea shrank more than 22 percent from a month earlier in March due to a sharp decline in corporate bond issuances, data showed Sunday.<\/p>\n
Local firms raised a combined 20.5 trillion won (US$14.86 billion) by selling…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n