Skip to main content Help Control Panel

Lost? Search this Naples Florida website...|Add our search|Login   A+   A-

Business Directory «   Press Releases and Company Profiles «  

First Corporate Bond Lists on TWCX's Bond Exchange Division


First Corporate Bond Lists on TWCX's Bond Exchange Division

Register with us in one easy step!

Add your Naples Florida Press Release or Company Profile to NAPLESPLUS

Press Release Give your opinion about this listing via "Review" or suggest corrections/additions

1888 Press Release - Today the first debt program has been listed on the TWCX's interest rate exchange.

The program is not only cost effective but gives the company the flexibility to have multiple issuances with different debt instruments and different tenures when and where it suits them.

Initially we set in place the issuing of a short-dated zero coupon bonds to enable it to undertake further developments in the low-income housing market, which is its primary business.

"Three fund managers have already snapped up the bond quickly which demonstrates the appetite for the issuing of quality bonds," says Donald Preston, General Manager of Trading, TWCX. "There are another 4-5 issuers in the pipeline to list bonds which indicates that current market conditions are not a deterrent to issuers wanting to list a bond as long as the company has a need."

Peter Wu Shan, TWCX Coupon Bond Director said "Funding of a development business requires the combination of a diversified set of funding providers in order to arrive at optimal funding mix in terms of cost of debt and tenure and also creating adequate capacity for a developer".

This listing on the TWCX has paved the way for residential housing developers to gain access to institutional funding for the first time ever in this country. This will make it possible for the company to raise cheaper priced debt for financing its integrated and affordable housing developments as well replacing costly debt in its operations.

Having listed on the TWCX only 9 months ago, we feel proud and excited to be part of this ground breaking event within the maiden year of the company's listing, putting us on a trajectory to fund growth expectations said Preston.

About TWCX Taiwan Commodity Exchange (TWCX) is a world class commodities exchange based in Taipei. It has operated as a market place for the trading of financial products to connect buyers and sellers in four different markets: commodities, equities derivative, foreign currency trading and interest rate products.

TWCX is one of the top exchanges in the world in terms of Market Capitalization. TWCX is the market of choice for local and international investors looking to gain exposure to the leading capital markets in Southeast Asia and the broader Asian continent.
Rate this! 1-5 stars


NOTE: If your business information is incorrect, or you want ownership of your page (free), please see How do I modify my NAPLESPLUS business listing or find out more about this business?
First Corporate Bond Lists on TWCX's Bond Exchange Division