Corporate direct financing climbs over 13% in April on increased debt sale

The Financial Supervisory Service headquarters in Yeouido, western Seoul is seen on Aug. 15, 2022. [NEWS1]

Corporate direct financing increased sharply in April from the previous month on the back of a rise in bond sales, data showed Tuesday.

Local companies raised a combined 22.6 trillion won ($14.9 billion) in April by selling stocks and bonds, up 2.6 trillion won, or 13.2 percent, from a month earlier, according to data from the Financial Supervisory Service.

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Stock sales fell by 26.6 billion won, or 6 percent, to 413 billion won in April from a month earlier, and corporate bond sales also rose 2.7 trillion won, or 13.6 percent, to 22.2 trillion won over the cited period.