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Publicly traded companies raised NT$338.81 billion (US$11.33 billion) in funds in the first half of this year, down 27.76 percent from a year earlier, as higher interest rates raised the cost of corporate bond issuance and affected firms’ willingness to finance debt, the Financial Supervisory Commission said last week.
The 27.76 percent annual decline was the largest for the six-month period since 2016, when the figure dropped 41.3 percent.
Another factor was reduced bond sales from contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the commission said.
However, the number of companies applying to raise funds increased 13.53 percent from a year earlier
Taipei Fubon Commercial Bank (台北富邦銀行) and six other local banks have offered Chailease Holding Co’s (中租控股) Vietnamese subsidiary a syndicated loan of US$90 million, the first social loan in Taiwan and Vietnam whose proceeds would be used to support small business in the Southeast Asian country.
Chailease International Leasing Co Ltd (仲利國際租賃), a leading leasing service provider in Vietnam, would use the loan to provide micro-financing to Vietnam’s small and medium-sized enterprises (SME) operating in urban and suburban areas, Taipei Fubon said yesterday
The Vietnamese government last year implemented strict quarantine measures to curb the spread of COVID-19, which weighed on the