New regulations cause Formosa decline

Chart_arrow_down_fall_losses_Adobe_230x150
By Frank Jackman
18 Apr 2019

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.

A Taiwan-based MTN dealer blamed regulation introduced in the country last November for the fall in structured Formosa issuance.

“A cap was introduced to control the foreign denominated investment of local life insurance companies,” said the dealer. “Investors had previously been very active, and so when this cap was ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.