The issuance of corporate bonds amounted to 18.7 trillion won (14.1 billion U.S. dollars) in March, down 6.6 percent from the previous month, according to the Financial Supervisory Service (FSS).
Industrial companies continued to sell medium-term bonds, but the funding demand reduced on higher borrowing costs.
The country's central bank has hiked its policy rate since August 2021 by 3.0 percentage points to 3.50 percent.
Bonds, sold by industrial companies, came to 4.7 trillion won (3.5 billion dollars) in March, down 44.2 percent from a month earlier.
Financial companies-issued bonds grew 19.2 percent to 12.67 trillion won (9.5 billion dollars), while the issuance of asset-backed securities advanced 37.9 percent to 1.32 trillion won (993.3 million dollars).
Equity financing, including the initial public offering and the rights issuance, stood at 249.1 billion won (187.5 million dollars) in March, up 4.6 percent from the prior month.
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