UBS resumes structured note sales in Taiwan
UBS is the first foreign investment bank in Taiwan to resume its sale of structured notes to professional investors. After heavy losses on NT$40 billion (US$1.24 billion) of notes linked to Lehman Brothers, the island’s regulatory regime was revamped extensively and new rules introduced on August 23.
Subscription to the structured notes, called ‘UBS zero-coupon bull equity-linked notes’ and linked to a steel manufacturing company listed on the New York Stock Exchange, closed in early November
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