Corporate direct financing in South Korea rose 13.2 percent in April from the previous month to 22.62 trillion won, driven by higher bond sales.
Data from the Financial Supervisory Service showed that local companies raised 22.62 trillion won through stock and bond sales in April. This marked an increase of 2.63 trillion won, or 13.2 percent, from March.
Stock sales declined 6 percent to 413 billion won. Corporate bond sales, however, climbed 13.6 percent to 22.20 trillion won.
Outstanding corporate bonds stood at 745.28 trillion won at the end of April, down 0.3 percent from the prior month.
