S.Korea's corporate bond sale falls in September

Source: Xinhua | 2019-10-31

Corporate bond sale in South Korea fell last month on weak demand from financial firms for financing, financial watchdog data showed Wednesday.
Corporate bond issuance reached 13.2 trillion won (11.3 billion U.S. dollars) in September, down 6.3 percent from a month earlier, according to the Financial Supervisory Service (FSS).
The bond sale by financial companies tumbled 21.3 percent as they refrained from lending money amid the global economic slowdown.
The bond, sold by industrial companies, amounted to 2.8 trillion won (2.4 billion U.S. dollars) in September, up 76.8 percent from the previous month.
The asset-backed securities (ABS) issuance jumped 30.2 percent to 1.3 trillion won (1.1 billion U.S. dollars) in the same period.
The equity financing, including the rights issuance and the initial public offering (IPO), stood merely at 89.6 billion won (76.7 million U.S. dollars) in September, down 81.9 percent from a month ago.