South Korean corporate bond sales increased 59.9% in September, driven by industrial and financial company funding needs.
In September, South Korea's corporate bond sales surged by 59.9% to 31.53 trillion won (about $22.9 billion), rebounding from a decline in August, driven by strong funding needs from industrial and financial companies. Industrial bonds more than doubled, while financial bonds rose by 59%. In contrast, equity financing plummeted by 71% to 111.1 billion won ($80.6 million). The central bank also lowered its benchmark interest rate in October.
October 22, 2024
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