Twice as nice: IADB returns to Taiwan bond market

Low interest rates in Taiwan prompt Inter-American Development Bank to tap local investors for the second time this year.

The Inter-American Development Bank IADB - the triple-A rated multilateral entity established to foster development in Latin America and the Caribbean - has hit Taiwan's debt capital market for the second time in 2001, in what has been a busy year for issuance from supranational institutions.

ABN Amro acted as lead manager on the NT$7 billion transaction, as it did with the NT$4 billion offering from the IADB in April. China Securities was brought in as co-lead on the latest deal.

The issue marks a first for Taiwan, as it comprises the first callable notes from a supranational issuer for the NT$5 billion five-year tranche.

Calls can be made at...

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