South Korea's corporate bond sale rebounded 28.6% in April to 23.94 trillion won, led by a 47.3% increase in financial companies' bonds.
South Korea's corporate bond sale rebounded by 28.6% in April to 23.94 trillion won (17.7 billion USD) due to strong funding demand from financial companies, according to Financial Supervisory Service data. Issuance of bonds by industrial companies fell 6.8%, while financial companies' bonds increased 47.3% to 18.2 trillion won (13.4 billion USD). Asset-backed securities issuance decreased 12.8% to 1.41 trillion won (1 billion USD).
May 21, 2024
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