South Korea’s corporate bond sale rose last month due to a surging issuance by industrial companies, financial watchdog data showed Monday.
The issuance of corporate bonds came in at 21.08 trillion won (15.6 billion U.S. dollars) in September, up 9.6 percent from the previous month, according to the Financial Supervisory Service.
It was attributed to the soaring funding demand from industrial companies despite high policy rates.
Bonds sold by industrial companies expanded to 3.2 trillion won (2.4 billion dollars) in September from 490 billion won (362.2 million dollars) a month earlier.—Xinhua
