Sharjah mandates for Formosa trade
The Emirate of Sharjah has mandated banks for a dollar Formosa bond. Some say the market is becoming an increasingly popular one for emerging market issuers to tap.
The 30 year senior unsecured dollar 144A/RegS Formosa bond is expected to be sold exclusively to Taiwanese investors, some say. A global investor call is being held on Monday.
The trade is being done through the Sharjah Finance Department, which is rated Baa2/BBB by Moody's and S&P respectively.HSBC is ...