SEOUL, Dec. 24 (Xinhua) -- South Korea's corporate bond sale logged a double-digit fall last month due to weaker funding demand especially from industrial companies, financial watchdog data showed Wednesday.
The issuance of corporate bonds declined 10.8 percent over the month to 21.07 trillion won (14.2 billion U.S. dollars) in November after sliding in double figures in the previous month, according to the Financial Supervisory Service.
Bonds sold by industrial companies dived 45.0 percent to 1.96 trillion won in the cited month.
Financial companies' bond issuance reduced 4.9 percent to 17.34 trillion won, while the issuance of asset-backed securities decreased 2.6 percent to 1.78 trillion won.
Equity financing, including initial public offering and rights issuance, stood at 821.4 billion won in November, up from 93.9 billion won in the previous month. (1 U.S. dollar equals 1,463 won) ■
