TAIWAN DAYBOOK: Government May Sell Five-Year Debt at 1.05%

Taiwan’s government will offer NT$40 billion ($1.3 billion) of five-year bonds at 1.05 percent today, according to the median estimate of economists in a Bloomberg News survey.

The highest forecast was 1.07 percent and the lowest 1.03 percent, the poll of five finance companies showed. The auction results will be announced at 12.30 p.m. local time.


WHAT TO WATCH:
* Taiwan’s dollar rose the most in three months last week,
gaining 0.6 percent to NT$30.300 against its U.S. counterpart,
according to Taipei Forex Inc
* Yield on the government’s 2 percent bonds due July 2016, the
most-traded securities, increased two basis points last week
to 1.04 percent
* The benchmark Taiex fell 1 percent to 7,358.08 on Friday, and
rose 2 percent for the week
* Overseas investors were net buyers of Taiwan’s stocks; net
purchases of NT$2.4 billion ($79.78 million)
* Several hundred demonstrated outside the Taipei World
Financial Center, joining Occupy Wall Street global protests


EQUITY MOVERS:
* Cathay Financial Holding Co.’s (2882 TT) banking unit signed a
cooperation agreement with Bank of China Ltd. (3988 HK)
* EVA Airways Corp. (2618 TT) board approved plans to sell two
MD-11 cargo plane.
* Epistar Corp. (2448 TT) has repurchased and will cancel $6.8
million of zero-coupon convertible bonds from the open market.
* Evergreen Marine Corp. (2603 TT) and its affiliates signed a
$824 million syndicated loan with nine banks to fund the
purchase of 10 container ships.
* TSMC (2330 TT) purchased NT$801 million of equipment from KLA-
Tencor from Oct. 4 to Oct. 14.


GOVERNMENT:
* Taiwan to sell NT$40 billion 5-Year bonds, 12:30 p.m.


EVENTS:
* BNP Paribas Taiwan Conference, Oct 17-18, Grand Hyatt Taipei

BTV HIGHLIGHTS (All Hong Kong time):
07:10   Jim McCafferty, RBS, Asia Research Product Manager
07:40   David Mann, Standard Chartered Bank, Regional Head of
Research
08:10   Arnout Van Rijn, Robeco Group, CIO
09:10   John Woods, Citigroup Private Bank, Chief Asian
Strategist
09:40   Mike Werner, Sanford C. Berstein, Senior Banks Analyst
11:10   Andrew Freris, BNP Paribas Wealth Management, Chief
Investment Advisor
12:30   Parul Saini, RBS, Executive Director

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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