Tong Yang Chia Hsin Interna-tional Corp (
Societe Generale and Industrial Bank of Taiwan (
Between NT$2 billion and NT$2.5 billion of seven-year bonds will be offered to the public. The bond will be backed by the commercial mortgage on an office building in downtown Taipei where the tenants include International Business Machines Corp, ABN Amro Holding NV and J.P. Morgan Chase & Co.
This first mandate "will pave the way for future similar transactions," said Pascal Sefrin, SG's chief in Taiwan.
The new law "sets the legal framework for securitization, to help provide low-cost liquidity to property owners as well as diversification and higher returns to investors," Sefrin said.
Details of the sale are being worked out among Chia Hsin and the managers.
"The interest rate should be better than the bank deposit rate," Lo said, adding that investors may benefit from a lower investment income tax of 6 percent on the bond that's separate from the per-sonal or corporate income tax.
Industrial Bank of Taiwan in February completed the coun-try's first sale of collateralized loan obligation, a bond backed by corporate credits
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
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