Taiwan banks raring to go as TaiFX calm brings relief

By Rashmi Kumar, Shruti Chaturvedi
03 Jul 2014

Taiwan's banks are poised to spread their wings again in Asia's syndicated loans market, as some welcome stability returns to their notoriously volatile dollar funding costs. Confidence is growing that tight pricing will be less of a hurdle to lending, write Rashmi Kumar and Shruti Chaturvedi.

The three month benchmark Taiwan interbank US dollar funding rate (TaiFX) has been at 110bp since May 27. While this is still high by historical levels, it is a drop from earlier in May, when it was at 153bp. In March it had reached even higher, to 158bp.

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