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    <title>Ease of doing business and development of corporate bond markets – revision in the framework for fund raising by issuance of debt securities by large corporates (LCs)</title>
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    <description>Entities meeting listing, borrowing and credit rating thresholds are designated as Large Corporate. Such LCs must raise at least 25% of their qualified borrowings through issuance of debt securities, with compliance assessed over a contiguous three year block beginning in the year following identification. Surplus issuance yields reductions in listing fees and credits against Core SGF contributions; shortfalls trigger additional SGF contributions. Stock exchanges and the LPCC are responsible for identification, calculation, notification and systems implementation; transitional dispensations and effective dates are specified.</description>
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