SEOUL, Feb. 5 (Xinhua) -- South Korea's corporate bond sale logged a double-digit growth last year due to stronger funding demand from both industrial and financial companies, financial watchdog data showed Wednesday.

The issuance of corporate bonds totaled 278.24 trillion won (190.1 billion U.S. dollars) in 2024, up 18.5 percent from a year earlier, according to the Financial Supervisory Service (FSS).

Bonds, sold by industrial companies, jumped 15.3 percent to 49.89 trillion won (34.1 billion dollars) last year.

Financial companies-issued bonds surged 21.8 percent to 212.14 trillion won (144.9 billion dollars), but the issuance of asset-backed securities (ABS) declined 6.9 percent to 16.21 trillion won (11.1 billion dollars).

The country's central bank cut its benchmark interest rate by a quarter percentage point in October and November last year each to 3.00 percent.

Equity financing, including initial public offering (IPO) and rights issuance, stood at 8.82 trillion won (6 billion dollars) in 2024, down 18.8 percent compared to the previous year. Enditem

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