Taiwan Infrastructure Basket
Growth in Taiwan's domestic economy slowed significantly between 2001 and 2007 during the previous government regime. In addition to signaling a normalization of relations between Taiwan and China, the new government has announced a government-led program of infrastructure investment, known as the "i-Taiwan 12 projects", amounting to NT3.99 trillion (USD130bn) over the next eight years. The program includes plans to develop island wide mass rapid transit systems, an intercontinental transshipment hub, expansion of sea-air logistics facilities, tourism infrastructure, sewage and water treatment facilities, revitalization of farming communities, strengthening of technology development, and the creation of 600,000 hectares of new forests.
Linked to the price performance of below component shares:
- 1 ordinary share of Taiwan Cement Corp. (Bloomberg code: 1101 TT)
- 1 ordinary share of Asia Cement Corporation (Bloomberg code: 1102 TT)
- 1 ordinary share of Goldsun Development & Constructions Co., Ltd. (Bloomberg code:2504 TT)
- 1 ordinary share of Continental Engineering Corp. (Bloomberg code:2526 TT)
- 1 ordinary share of BES Engineering Co. (Bloomberg code:2515 TT)
- 1 ordinary share of Tung Ho Steel Enterprise Corp. (Bloomberg code:2006 TT)
- 1 ordinary share of Feng Hsin Iron & Steel Co., Ltd (Bloomberg code:2015 TT)
- 1 ordinary share of Chung-Hsin Electric & Machinery Mfg. Corp. (Bloomberg code:1513 TT)
Summary
| Name | Taiwan Infrastructure Basket |
| Bloomberg Code | RBTK2 |
| Listing | Singapore Stock Exchange (SGX) |
| Issuer | Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ("Rabobank"), acting through its Hong Kong branch |
| Rating | Standard & Poor's: AAA; Moody's: Aaa |
| Launch Date | 1st August, 2008 |
| Expected Listing Date | 11th August, 2008 |
| Expiry Date | 27th September, 2010 |
| Underlying Basket Reference Price | USD9.25 (as of 30th June, 2008) |
| Issue Price | USD Basket closing price on Launch Date x (1+2%) / Conversion Ratio |
| Exercise Price | USD 0.0001 |
| Conversion Ratio | 10 Certificates relates to 1 Basket Unit |
| Reference Currency | Taiwan Dollar ("TWD") |
| Trading Currency | US Dollars ("USD") |
| Settlement Currency | US Dollars ("USD") |
| Exchange Rate | The rate of exchange between the relevant Reference Currency and the Settlement Currency on the Launch Date at or about 2:15 p.m. Singapore time as determined by the Issuer by reference to such source(s) as the Issuer may reasonably determine to be appropriate at such time. |
| Valuation Date | Each of the 5 Exchange Business Days immediately preceding the Expiry Date |
| Cash Settlement Amount | (Settlement Price in USD - Exercise Price) / Conversion Ratio - Exercise Expense (if any); where the Settlement Price is the arithmetic mean of the Closing Prices of the Certificate of each of the 5 Valuation Dates |
| Board Lot | 1,000 Certificates |
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