Foreign currency-denominated bound sales up over 50%

Focus Taiwan
Date: 2017/04/21
By: Tsai Ui-chu and Frances Huang

Taipei, April 21 (CNA) The value of foreign currency-denominated bonds issued in Taiwan was up more than 50 percent from a year earlier from Jan. 1 to April 15, the Financial Supervisory Commission (FSC) said Friday.

The spike in bond sales came as many foreign entities rushed into the market before the government tightens rules on how quickly bond issuers can allow investors to redeem their funds, the FSC said.

Concerns that interest rates may rise in the future also led bond issuers to more aggressively sell their debt early in the year.    [FULL  STORY]

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