Corporate direct financing hikes 23% in September
Seoul - Yonhap
Direct financing by South Korean companies soared 23 percent in September from a month earlier, as large firms opted to raise funds through bond sales on the back of lower borrowing costs, the financial regulator said Monday. Local companies raised a combined 10.8 trillion won (US$10.1 billion) via selling stocks and bonds last month, compared with 8.8 trillion won the previous month, according to the Financial Supervisory Service (FSS).
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