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  • 2016/11/04
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CASA Group news / Crédit Agricole CIB participates in the first Saudi Formosa bond

Crédit Agricole CIB participates in the first Saudi Formosa bond Crédit Agricole CIB was lead arranger and joint bookkeeper of the first Saudi Formosa Bond* for the Arab Petroleum Investment Corporation**, aimed at Taiwanese investors. This first dollar-denominated transaction was extremely popular among Taiwanese investors. Formosa Bonds let the customers benefit from the investors' liquidity and appetite for foreign credit instruments. This $300 million bond issue was placed with Taiwanese and Hong Kong investors. In 2016, the Formosa Bond market enjoyed a significant influx of offerings from Gulf countries. * Formosa bonds are Taiwanese bonds denominated in foreign currencies, and listed on the international segment of the Taipei Stock Market. ** APICORP: the multilateral regional development agency of the Gulf Cooperation Council

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