The German bank was the first international financial institution that issued such a bond in Taiwan. The so-called "Formosa bond" (issued in Taiwan borrowing in foreign currency), with a volume of 1.1 billion CNY the largest renminbi bond that has been issued in Taiwan. The bond will be listed on the Taiwan Stock Exchange GreTai, which Taiwanese private investors can invest directly in the bond.

The renminbi bond market in Taiwan is currently still in the development stage, after Taipei and Beijing have formally established a direct yuan-clearing system in January this year. Macau has taken the clearing agreements with China the third country.

The Allen & Overy team was led by Hong Kong partner Walter Son Kai Schaffelhuber supported by partners and counsel Michael Becker (both Frankfurt) and associate Jaclyn Yeap (Hong Kong, all Capital Markets).