SEOUL, Aug. 26 (Yonhap) -- Corporate direct financing fell in July from the previous month due to a fall in bond sales, data showed Wednesday.

Local companies raised a combined 26.34 trillion won (US$19.03 billion) last month by selling stocks and bonds, down 0.5 trillion won, or 1.9 percent, from a month earlier, according to the data from the Financial Supervisory Service (FSS).

Stock sales nearly quadrupled to 1.49 trillion won in July from June, and corporate bond sales fell 1.68 trillion won, or 6.3 percent, to 24.85 trillion won over the cited period.

The value of outstanding corporate bonds stood at 766.95 trillion won as of end-July, an increase of 9.72 trillion won, or 1.3 percent, from a month ago, the latest findings showed.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]