Companies issued 16.9 trillion won (13.8 billion U.S. dollars) of bonds in February, up 51.4 percent from the previous month, according to the Financial Supervisory Service (FSS).
It came as local firms rushed to secure liquidity in advance amid growing concern about the economic fallout from the COVID-19 outbreak across the globe.
Bonds, sold by industrial companies, more than doubled in February from a month earlier, and financial companies-issued bonds advanced 25.1 percent. The asset-backed securities (ABS) sale nearly doubled last month.
The corporate equity financing, including initial public offering (IPO) and rights issuance, amounted to 238.4 billion won (195.3 million U.S. dollars) in February, almost quadrupling compared with the prior month.
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