With interest rates at near zero, small size tickets starting from US$100,000 have helped to increase the issuance of equity-linked notes (ELN) in the country.
Product issuance in Taiwan between January and September has hiked by 55.5% to 7,112 compared with the same period of last year – the sales volume at the end of September standing at TWD662.6 billion (US$22.9 billion), up 50% year-on-year (YoY), the SRP database shows. DBS Bank and Credit Suisse saw the largest issuance jump of 129.9% and 154% to 2,545 and 1,341 products respectively YoY, making up half of the market share. UBS slipped to the third with 950 products issued, down 35.6%, w
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