Deutsche Bank has launched its second bond issue in Taiwan, which offers investors a fixed interest rate of 3%.
Issued by Deutsche Bank Frankfurt, the three-year US dollar bonds will be listed on Taiwan’s Gre Tai Securities Market. Both institutional and retail investors are able to participate in the issue.
Deutsche Bank said that the bond provides investors with a stable yield. The bond is purely vanilla and does not feature any structured characteristics to enhance yield. Denominated at $10,000 per unit, investors may subscribe for one or more units.
Bank’s bond issue will be distributed to investors through six agents: Mega Bank; Chang Hwa Bank; First Commercial Bank; Taiwan Cooperative Bank; Shanghai Commercial Bank; and Deutsche Bank Taipei branch, said the company.
Cynthia Chan, managing director of global markets at Deutsche Bank in Taiwan, said: This bond represents an important contribution to the development of Taiwan’s capital markets. We will continue to work closely with the Financial Supervisory Commission, the Securities and Futures Bureau, the Central Bank and other regulators to develop the International Bond Board. We believe this fund-raising avenue is an attractive source of funding for domestic and international issuers and we are confident of its future success.
