Sales of stocks and bonds by South Korean companies surged 19.3 percent from a month earlier last month with sales of both equity and debt showing significant growths, the financial watchdog said Tuesday.

In November, local companies raised a combined 12.14 trillion won ($10.31 billion) by selling stocks and bonds, compared with 10.18 trillion won in the previous month, according to the Financial Supervisory Service .

The monthly tally also marks an 8.5-percent rise from the same month last year.

Corporate debt issuance grew 9.6 percent on-month to nearly 10.5 trillion won while equity issuance nearly tripled from 597.5 billion won in October to 1.64 trillion won last month, according to the FSS.

Financial firms were among the major debt sellers with four, including Hana Financial Group Inc. and its flagship KEB Hana Bank, selling 2.85 trillion won worth of bonds in November.

For the first 11 months of the year, direct financing by local firms gained 8.5 percent on-year to 121.72 trillion won, the FSS said. (Yonhap)