The Taiwanese market has seen the issuance of structured products skyrocketing in the first half of 2020 buoyed by the increased activity from the two banks.
The country’s issuance has increased by 63.3% to 4,841 during the first half of the year compared to the same period of 2019 despite lows in March and April when Taiwan was hardest hit by Covid-19 – overall the sales volume at the end of June 2020 stood at TWD454.3 billion (US$15.6 billion), up 57.2% from H1 19, SRP data shows. DBS Bank and Credit Suisse saw the largest issuance hike of 139.9% and 269% to 1,586 and 1,000 respectively, taking up more than half of the market share. UB
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