corporate financing-tally

Corporate direct financing rises 4 pct in March on increased debt sale

SEOUL, April 29 (Yonhap) -- Corporate direct financing increased in March from the previous month on the back of a rise in both bond sales and stocks offerings, data showed Wednesday.

Local companies raised a combined 19.98 trillion won (US$13.57 billion) last month by selling stocks and bonds, up 734 billion won, or 3.8 percent, from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Stock sales rose by 98.7 billion won, or 28.9 percent, to 440 billion won last month from a month earlier, and corporate bond sales also rose 635 billion won, or 3.4 percent, to 19.54 trillion won over the cited period.

The value of outstanding corporate bonds stood at 747.32 trillion won as of end-March, down 1.13 trillion won, or 0.2 percent, from a month earlier, the data showed.

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