Saudi representatives meet Taiwan bond investors in non-deal roadshow - sources | Reuters:
Saudi Arabian government representatives were in Taiwan last week to meet bond investors in a so-called “non-deal roadshow”, sources familiar with the matter said.
A potential sale of Formosa bonds – debt securities sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar – could allow Saudi Arabia to tap a new investor base at a time of adverse conditions in emerging markets.
To offset lower revenues caused by a slump in oil prices, the Saudi government has borrowed $50 billion through dollar bond sales since its debut in international debt markets in late 2016.
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