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S. Korean corporate bond sales slump in Aug.
SEOUL, Sept. 2 (Yonhap) -- South Korea's corporate bond issuance dropped 17.5 percent on-year in August as companies reduced their reliance on debt financing amid a revival in the financial market, the nation's securities depository said Wednesday.
A total of 31 local companies sold a combined 2.2 trillion won (US$1.8 billion) worth of debt last month, compared with 2.7 trillion won a year earlier, the Korea Securities Depository (KSD) said in a report. From a month earlier, the August figure was down 49.8 percent, KSD said.
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