Thursday, March 30, 2017

Corporate direct financing 73% surge ahead of US rate hikes



[Goyounghun Korea financial newspaper reporter] had exploded in February, 73.3% direct financing scale of the company compared to the previous month.

According to the 30th FSS direct financing of corporate earnings in February this year compared to the previous month stocks and corporate bonds fell 5.9594 trillion won increase, while Article 7 Commercial Paper (CP) · Shear poles 591.9 billion won.

February, stocks and bonds issued through the public offering of the company's performance has increased 8000000000000 5000000000000 128300000000 won one hundred million won in 9594 compared to 73.3% last month to a total of 14.0877 trillion won. January-February said cumulative with increasing 5.1229 trillion won a year earlier 17.0931 trillion won compared.

Shares has increased 130.9 billion won (110.2%), corporate bonds also rose 72.8 percent to 5 trillion 828.5 billion won.

2, the month the stock issuance is 13 cases, with 249.7 billion won, last month was five, increasing 118.8 billion won 130.9 billion won (110.2%) year.

IPO was seven, three increased 16.2 billion won, 81.4 billion won compared to the previous month to 97.6 billion won. Both were seven companies, including companies in the KOSDAQ SD biotechnology, pharmaceutical Shinshin. Rights offering increased six cases, 2 cases mm to 1521 billion and 1147 million (306.7%) compared to 374 million.

Corporate bond issuance scale was increased by 13.838 trillion won in the previous month 5000000000008 1 trillion 95 billion compared to 828.5 billion won (72.8%), common bonds of 48 cases had increased to 4.95 trillion won the previous month 2.465 trillion won compared to 2.485 trillion won.

There are at least AA rating issued driven and sustained (share 83.2%), and no less than BBB rated issues. Among published without the purpose of refinancing operations and the medium term oriented and long-term bonds issued by the increase. Unlike the previous month, while the trend was the net repayment was converted into newly issued increased net issuance.

Financial bonds was 162 cases, was blown MoM 7.533 trillion won (5.5445 trillion won) compared to 1.9885 trillion won. Articles 6 poles Financial Group, grew by 20 billion won to 420 billion won from the previous month debentures also 29 cases, 3000000000000 4003 increased 1.0001 trillion won compared to the previous month to 248.8 billion won (1.8485 trillion won).

Corporate bonds outstanding balance had increased to 413.31 trillion won 3.9404 trillion won compared to 409.3696 trillion won the previous month.

FSS official said, "is expected in March interest rate hikes would be likely to have businesses rush to secure cash in January and February of this year," he said.



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