Taiwan

In this round-up, US president Donald Trump unexpectedly announced an increase in tariffs on China, the People’s Bank of China (PBoC) bumped up the re-lending quota for smaller banks and Mainland regulators said they are not planning to use the property market as a short-term stimulus.

Malaysia’s Maybank returned to the Taiwanese market on Monday to raise $850m from a Formosa bond.

First Abu Dhabi Bank has courted Taiwanese investors yet again, this time raising $900m from a Formosa bond.

Two subsidiaries of Taiwan’s Formosa Plastics Corp have closed their offshore borrowings at bigger sizes.

KEB Hana Bank turned its attentions to Taiwan on Tuesday, raising $400m in a Formosa bond sale.

Chainwin Animal Technology, a subsidiary of Taiwan’s Win Semiconductors, is looking to raise up to $200m in the offshore loan market.

Woori Bank turned to Taiwan this week for its latest dollar transaction, raising $450m from the first sustainability-labelled Formosa deal.

MUFG has named veteran Taiwanese banker Randy Hung to run its Taipei-based global corporate banking team.

Structured issuance in Formosa format has tumbled amid a wider decline in structured MTN volume year to date, which Dealogic data shows has fallen from $9.98bn across 213 trades at this point in 2018 to $5.08bn across 119 deals this year.

Two subsidiaries of Taiwan’s Formosa Plastics Corp are in the syndicated loan market raising a China onshore facility and an offshore deal respectively.

Taiwan’s Chailease Holding Co has returned to the offshore loan market raising $150m, after a three year absence.

Taishin Financial Leasing (China) is about to close its debut offshore loan at $100m. It is now just waiting for one of the lenders to get approval.