UBS joins formosa bond bonanza

Taiwan’s formosa market is attracting European borrowers thanks to the island’s friendlier regulatory environment, with UBS raising two bonds in just over two weeks.

UBS joins formosa bond bonanza

Taiwan’s formosa bond market has seen a huge amount of interest from European borrowers this year, notably financial institutions, keen to tap a market buoyed by savvy investors and deep pools of liquidity.

As part of their diversification plans, banks such as Credit Suisse, Lloyds Bank and Standard Chartered have raised long duration dollar-denominated bonds, while Deutsche Bank and Société Générale have sold offshore renminbi notes see table.

Switzerland-based UBS was...

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