Korean regulators adopt perpetual AT1s

korea flag seoul px230
By Narae Kim
04 Jul 2016

South Korea has amended regulations to adopt perpetual maturities for additional tier one bonds, in line with a request from the Bank for International Settlements.

Korea's Financial Supervisory Service and Financial Services Commission have decided to allow Korean banks to issue perpetual AT1 instruments, they said in a joint statement on June 29.

Bond issuers were previously not allowed to sell debt that is perpetual. Instead, firms usually opted for a tenor of ...

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