South Korea Eyes Foreign Bond Deal Ban
South Korea is considering banning foreign investment banks without domestic securities licenses from arranging offshore bond sales for local issuers. The move follows a significant surge in foreign currency bond issuance by South Korean companies.
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South Korea is considering prohibiting investment banks without domestic securities licenses from arranging offshore bond sales, officials said on Thursday morning. The regulatory review targets unlicensed foreign lenders as local issuers drive a surge in overseas debt fundraising.
