The performance of last year’s stock offering plunged 25% due to the ‘sudden wind’ of the stock market

[아시아경제 이정윤 기자] Due to the weak stock market last year, IPOs and rights offerings fell, resulting in a nearly 25% drop in performance compared to the previous year.

According to the Financial Supervisory Service on the 25th, the amount of public offerings of stocks and corporate bonds issued last year was 204.5747 trillion won (stocks 21.9408 trillion won, corporate bonds 182.6339 trillion won), down 11.6%. (26.9046 trillion) the previous year.

A total of 174 stock offerings were issued at KRW 21,940.8 billion, a decrease of 24.6% (KRW 7,149.5 billion) from the previous year. 115 IPOs, 13.3515 trillion, increased 5 cases from the previous year, but decreased 1.171 trillion won. As the stock market offering to the public recedes, listings on the KOSPI fell from 14 last year to 4 last year. 4 cases were announced on the KOSPI, KRW 10,526.8 billion, and 111 cases on the KOSDAQ, KRW 2,824.7 billion.

Paid-in capital increase was 59 cases, KRW 8,589.3 billion, down 30 cases, KRW 5,978.5 billion from the previous year. As the stock market continued to be weak, the number and amount of capital increases paid in by KOSPI-listed companies fell by half compared to the previous year. In the KOSPI market, 18 cases recorded 5.9814 trillion won, KOSDAQ 37 cases won 2.2117 trillion, and KONEX 1 case won 18.5 billion. Three unlisted companies were identified at 377.7 billion won.

Last year, there were a total of 3,382 corporate bond issuances amounting to 182.6339 trillion won, down 9.8% (19.7551 trillion won) from the previous year.

The number of general corporate bonds decreased by 35.0% (16.35 trillion won) from the previous year to 325 cases and 30.373 trillion won. The proportion of prime quality products of grade AA or above increased from 66.6% to 75.5%, and the proportion of non-prime products of grades A and BBB or below decreased from 33.4% to 24.5%.

In addition, as uncertainty such as interest rates continued, the share of long-term bonds (more than 5 years) fell by 6.3 percentage points from 14.5%, and the share of medium-term bonds (more than one year and less than 5 years). years) increased by 6.1 percentage points from 84.7%, shortening the issue maturity. Facilities and operating funds decreased, but were issued mainly for debt repayment purposes.

The number of financial debentures decreased by 1.1% (1.5798 trillion won) from the previous year to 2,209 cases and 138.328 trillion won. The number of financial holding companies increased by 25.9% to 86 cases and won 11.684 trillion, while bank bonds decreased by 0.8% to 248 cases and won 52.858 trillion. The number of other financial debentures decreased by 4.6% to 74,263 billion won with 1,875 cases.

At the end of last year, the total corporate bond balance decreased by 0.2% to 623,509.7 billion won.

In addition, the issuance of commercial paper (CP) and short-term bonds in 2022 totaled 1,555.4179 trillion won, down 6.1% (101.82 trillion won) from the previous year. CP issuance increased by 4.8% (19.8723 trillion won) to 432.905 trillion won. Short-term bonds fell 9.7% (120.8806 trillion won) to 1122.5129 trillion won.

Reporter Lee Jung-yoon leejuyoo@asiae.co.kr