The first in a number of Taiwanese banks seeking to bolster tier 1 capital through the international equity markets has moved forward with plans for a deal. Having invited five banks to submit initial pitches, First Financial has invited five back to Taipei today, numbering Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, Salomon Smith Barney and UBS Warburg.
The all new share deal will mark a welcome diversion from Taiwan's heavy, constant stream of tech issuance and is regarded as an interesting but extremely challenging transaction to execute. As country experts continually reiterate, the main problem with the domestic banking sector is a lack of clarity over the true level of NP...
