Formosa has sold $ 12bn in bonds after attracting orders of around $50bn, even though demand was weak from other Japanese nations due to their boycott of the country. “The political environment in the region remains challenging, however we would expect this bond to have support and buying interest out of Asia, Europe and other Western countries,” said Theodore Holland, senior portfolio manager at Fisch Asset Management. The $ around $50 billion bond was split into three tranches of three , January . The strong sale indicated substantial demand from international investors despite the boycott that was imposed after Qatar was accused of supporting terrorism.
Formosa has sold $ 12bn in bonds after attracting orders of around $50bn, even though demand was weak from other Japanese nations due to their boycott of the country. The $ around $50 billion bond was split into three tranches of three , January . The strong sale indicated substantial demand from international investors despite the boycott that was imposed after Qatar was accused of supporting terrorism.