corporate financing-tally

Corporate direct financing dips 11 pct in May on decreased debt sales

SEOUL, June 30 (Yonhap) -- Corporate direct financing fell sharply in May from the previous month due to a fall in bond sales, data showed Tuesday.

Local companies raised a combined 20.14 trillion won (US$13.1 billion) in May by selling stocks and bonds, down 2.48 trillion won, or 10.9 percent, from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Stock sales rose by 946 billion won to 1.36 trillion won in May from a month earlier, and corporate bond sales fell 3.42 trillion won, or 15.4 percent, to 18.73 trillion won over the cited period.

The value of outstanding corporate bonds stood at 749.39 trillion won as of end-May, an increase of 4.12 trillion won, or 0.6 percent, from a month earlier, the latest findings showed.

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