Taiwan Corporate Bonds May Hit Record as Yields Near Zero
- Paying for 5G spectrum, TSMC’s return set to bolster issuance
- Coronavirus impacts on global economy should keep yields low
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Mobile carriers planning 5G networks and the return of Taiwan’s biggest company to the local corporate-bond market are poised to make 2020 a record for new issuance.
This year’s total could top the NT$624.6 billion ($20.7 billion) of new corporate bonds sold in 2012, according to Masterlink Securities Corp., which was the island’s second-largest underwriter of such debt offered last year in Taiwan dollars. Overall issuance climbed 17% in 2019 to NT$526.5 billion, according to data compiled by Bloomberg.