SEOUL, March 26 (Xinhua) -- South Korea's corporate bond sale logged a double-digit growth last month owing to higher funding demand from both industrial and financial companies, financial watchdog data showed Wednesday.

The issuance of corporate bonds jumped 18.3 percent over the month to 27.56 trillion won (18.8 billion U.S. dollars) in February, according to the Financial Supervisory Service (FSS).

Bonds sold by industrial companies amounted to 10.77 trillion won (7.3 billion dollars) in February, up 28.2 percent from a month earlier.

Financial companies-issued bonds gained 14.8 percent to 15.87 trillion won (10.8 billion dollars), while the issuance of asset-backed securities (ABS) reduced 13.0 percent to 925.6 billion won (629.7 million dollars) last month.

The country's central bank cut its benchmark interest rate by a quarter percentage point to 2.75 percent in February after lowering it by the same percentage in October and November last year.

Equity financing, including initial public offering (IPO) and rights issuance, stood at 443.2 billion won (301.5 million dollars) in February, down 40.1 percent from a month earlier. Enditem

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