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Citi prices largest Formosa bond in Taiwan

June 23, 2010  

From Aaron Pan

The US bank announced it had priced its first ever Formosa bond, raising US$330 million. The offering is the first of its kind from a US financial institution and the largest Formosa bond in the history of Taiwan.

US bank Citi announced today (June 23) that it had priced its first ever Formosa bond issue in Taiwan.

The deal will raise US$330 million via a three-year issue that priced with a coupon of 2.80%. It is the first...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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