Comeback for convertibles?

Is Taiwan's convertible bond market ripe for a comeback after a two-year stagnation following several defaults in 2004? Toby Garrod speaks to the financial regulator and several market players


Amid widespread thirst for Taiwan's convertible bond (CB) offerings and a seemingly ideal issuance environment, the island's sweltering summer has produced little more than a faint mirage of its once-booming CB market - a situation that has left baffled market players scratching heads and pointing fingers.

The Securities and Futures Bureau, the ruling Democratic Progressive Party, corporations, investment banks and investor attitudes have all come under fire for pushing the CB market into a state

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