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The sovereign rating and long-term local and foreign currency debt ratings of Taiwan government assessed by various international credit rating agencies are as follows:

 

Moody’s

S&P (2018.04.30)

Fitch

Sovereign rating outlook

Stable

Stable

Stable

Local currency (long term)

Aa3 (Long-term)

AA- (Long-term)

AA- (Long-term)

Foreign currency (long term)

Aa3 (Long-term)

AA- (Long-term)

A+ (Long-term)


Taiwan benchmark government bonds are 5-, 10-, and 20- year bonds, which are announced monthly by Taipei Exchange (TPEx). Investors can visit TPEx website (http://www.tpex.org.tw) and inquire 『The List of Benchmark Bonds』 under “Bond Market Info > Application & Services > Bond Dealer Services > Documents.”
The types of bonds available on Taiwan's bond market include government bonds, financial debentures, corporate bonds, convertible and exchangeable bonds, bonds with warrant, beneficiary securities, NTD-denominated foreign bonds and foreign-currency denominated international bonds. Investors can browse TPEx website (http://www.tpex.org.tw/en/bond/index.php) for detailed bond issuance information and trading statistics.
Taiwan's bond market offers information transparency, high liquidity and real-time interest rate benchmarks. Investors can also trade government bonds during when-issued period and hedge through a variety of interest rate derivatives.
Yes, when-issued trading system has been introduced in Taiwan since Dec. 2, 2002.  When-issued trading period is 1 to 15 business days before issuance day and when-issued transactions are settled on issuance day.