Air Liquide adds to Taiwan’s bond bonanza

The French provider of industrial gases debuts a Taiwan renminbi bond at a difficult time for the market.

Air Liquide adds to Taiwan’s bond bonanza

The Rmb500 million $81 million formosa bond debut by France-based Air Liquide further indicates Taiwan’s attraction to bond issuers and insurance investors.

Air Liquides deal comes at a difficult time for the market due to a lukewarm domestic economy, the slumping oil price and renminbi depreciation.  

The onshore renminbi has been declining for 4 days since the new year’s trading started, following a 2.4% depreciation in the spot exchange rate...

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