South Korean companies' equity and debt sales rose 5.3 percent on-month in September, supported by a rise in sales of corporate debts and new stocks, government data showed on Oct. 31, 2018.
Local companies raised 14.1 trillion won (US$12.3 billion) through sales of stocks and bonds last month, up 706.7 billion won from a month earlier, according to the data from the Financial Supervisory Service (FSS).
Stock sales, including 2 initial public offerings, jumped 293.1 percent on-month to 587.7 billion won last month.
The value of corporate bonds floated in September, including bank bonds and asset-backed securities (ABS), rose 2 percent from a month earlier to 13.5 trillion won, the FSS said.
An ABS is a security whose income payments, and hence value, are derived from and backed by a pool of underlying assets. (Yonhap)