Saudi representatives said to meet Taiwan bond investors

10/07/2018 Argaam

 

Saudi Arabian government representatives were in Taiwan last week to meet bond investors in a “non-deal roadshow,” Reuters reported, citing sources familiar with the matter.

 

A potential sale of Formosa bonds could allow Saudi Arabia access to new investor base at a time of adverse conditions in emerging markets.

 

Formosa bonds are debt securities sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.

 

A “non-deal roadshow” is a series of investor meetings not tied to a specific deal.

 

One of the sources said that despite the preliminary meetings, Saudi Arabia’s venture into the Formosa bond market was not expected soon.

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