S.Korea's corporate bond issuance falls in October

ANI
23 Nov 2021, 16:25 GMT+10

Seoul [South Korea], November 23 (ANI/Xinhua): South Korea's corporate bond issuance fell last month on higher borrowing cost, financial watchdog data showed on Tuesday.

The sale of corporate bonds came in at 16.67 trillion won (14 billion U.S. dollars) in October, down 5.3 per cent from the previous month, according to the Financial Supervisory Service (FSS).

It was attributable to higher borrowing costs. The country's central bank raised its key rate by 25 basis points to 0.75 per cent in August.

Bonds, issued by industrial companies, tumbled 35.3 per cent to 3.2 trillion won (2.7 billion US dollars) last month.

The issuance of bonds by financial companies gained 3.8 per cent to 12.08 trillion won (10.2 billion US dollars), and the sale of asset-backed securities (ABS) jumped 38.8 per cent in October compared to the prior month.

Meanwhile, the equity financing, including the initial public offering (IPO) and rights issuance, stood at 2.49 trillion won (2.1 billion US dollars) in October, up 22.1 per cent from a month earlier. (ANI/Xinhua)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.

More Information

null in null

International

Section

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Canadian option offered to Harvard graduates facing US visa issues

TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...

Israel should act fast on new peace deals, Netanyahu says

JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...

UN offer rejected in Dreamliner crash investigation

NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...

UN climate agency gets 10 percent boost amid global budget cuts

BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...

Sports

Section