Korea Post has chosen two international securities firms and two local ones to manage foreign bond lending for its insurance unit.
Japan’s Nomura Securities, France’s SG Securities, and Korea’s Hana Securities and Kyobo Securities will coordinate financial arrangements for the bond lending, including collateral and fees.
The government postal agency announced the appointments on its website on August 11, three weeks after calling bids for the mandate.
Korea Post has around 150 trillion won (US$109 billion) of assets under management.
