Multilateral issuers to tap Taiwanese market again in 2002

New deals from EIB and IADB suggest strong showing from supranationals in Taiwanese bond market.

In 2001, one of the dominant trends in Taiwan's domestic bond market was the strong showing of multilateral borrowers such the Inter-American Development Bank IADB and the Nordic Investment Bank NIB. At the start of this year, the early indications suggest that Taiwan will be equally attractive to these entities, also know as supranational companies, again in 2002.

Last week the European Investment Bank EIB, the financing institution of the European Union, became the first multilateral issuer to tap Taiwan investors in 2002 with a NT$7 billion $200 million offering.

The deal, lead managed by Salomon Smith Barney, was split into seven tranches with maturities ranging from four years and three months...

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