Bond issuance down 24% as companies tighten belts

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Bond issuance down 24% as companies tighten belts


Korean companies’ bond issuance tumbled nearly 24 percent year-on-year in January as local companies reduced investment amid the country’s prolonged economic slowdown, the securities depository agency said yesterday.

Financial and non-financial firms issued a combined 8.57 trillion won ($7.92 billion) in bonds last month, down 23.8 percent from 11.2 trillion won tallied a year earlier, according to the Korea Securities Depository.

Yonhap

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