Saudi representatives said to meet Taiwan bond investors

Saudi Arabian government representatives were in Taiwan last week to meet bond investors in a “non-deal roadshow,” Reuters reported, citing sources familiar with the matter.

A potential sale of Formosa bonds could allow Saudi Arabia access to new investor base at a time of adverse conditions in emerging markets.

Formosa bonds are debt securities sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.

A “non-deal roadshow” is a series of investor meetings not tied to a specific deal.

One of the sources said that despite the preliminary meetings, Saudi Arabia’s venture into the Formosa bond market was not expected soon.