BNP Paribas is mulling whether to issue its second batch of foreign currency-denominated bonds on the nation's offshore bond exchange, the bank said yesterday.
"We are committed to the market ? and plan to issue [similar products] regularly," Laurent de Meyere, president of BNP Paribas' Taiwan branch, said yesterday.
Mark Adams, head of Asia-Pacific debt capital markets at BNP Paribas' Hong Kong branch, said the company could issue bonds on behalf of renowned European companies, such as BMW, in order to attract investors in Taiwan, which is a brand-conscious market.
Issuing structured notes targeted at institutional investors is also an option, he said, without elaborating.
BNP Paribas has just completed issuing its first batch of Australian currency-denominated bonds worth A$308 million (US$258 million). The product was listed for trading on April 10.
Four or five foreign financial institutions are interested in rolling out bonds products and are in talks with local underwriters at the moment, said Lee Shyan-yuan (李賢源), a policy-making member of the Financial Supervisory Commission, who is also the major promoter and designer of the offshore bond market, Formosa Bond.
John Lee (李鐘培), head of HSBC Ltd's capital markets division, said last month that the bank planned to launch a bond by the end of the current quarter.
The bond market has great potential to be explored as only US$500 million of bonds are currently in issue, compared to the US$79 billion of foreign currency savings in both domestic and offshore business units, FSC's Lee said.
Apple Inc’s iPhone 13 debut was met with a stock slump on Tuesday, keeping with a tradition of poor share price performance on the day new devices are unveiled. Shares of the technology giant sank after Apple executives, including chief executive officer Tim Cook, presented the new lineup of phones and other devices. The stock fell 1 percent to close at US$148.12 in New York trading. Prior to Tuesday, Apple’s shares fell on three-quarters of the days Apple unveiled new iPhones, data compiled by Bloomberg showed. Excluding Apple’s 8.3 percent rally on the day cofounder Steve Jobs announced the first iPhone in
BEATING SCHEDULE: Government plans are for nacelle assemblies to be totally local from next year, but Orsted Taiwan said that it was going ‘above and beyond’ Wind turbine manufacturer Siemens Gamesa Renewable Energy SA yesterday inaugurated Taiwan’s first nacelle assembly plant at the Port of Taichung, its first assembly facility for offshore nacelles outside Europe. Vice Premier Shen Jong-chin (沈榮津), a long-time champion of Taiwan’s ambitions to become a regional hub in the offshore wind farm industry, described the plant as a “milestone” at a ceremony at the plant. “The completion of Siemens Gamesa’s nacelle assembly plant is a milestone for the development of the offshore wind farm industry in Taiwan and a step toward localizing the supply chain,” Shen said. “This is only the beginning. My great hope
ROBUST DEMAND: 5G, AI and Internet of Things technologies are driving growth and employment, as the company plans a new plant in Hsinchu County Contract electronics manufacturer Wistron Corp (緯創) plans to invest about NT$11.1 billion (US$400.58 million) in Taiwan, in line with its global deployment strategy, the Ministry of Economic Affairs said on Friday. The company’s investment is also a demonstration of robust demand for 5G, artificial intelligence (AI) and Internet of Things applications, the ministry said in a statement. Wistron, spun off from Acer Inc (宏碁) in 2001, is a notebook computer original design manufacturing partner to major PC brands. The company, which is based in Taipei’s Neihu District (內湖), also produces servers, data storage devices, game consoles and communications products for brand clients
POEMA TIE-UP? A merger would value the combined company at US$1 billion or more, with an announcement possible as soon as this week, the unnamed sources said Gogoro Inc (睿能創意), a Taiwanese manufacturer of electric scooters that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp, a blank-check firm, people with knowledge of the matter said. The deal is set to value the combined company at US$1 billion or more, the people said, asking not to be identified as the information is private. An announcement could come as soon as this week, they said. Terms might change and, as with any deal that is not finalized, it is possible that talks could fall through, they said. A representative for Gogoro said that
RSS