Fubon prepares record breaking ECB

Following a domestic filing for an issue size of up to $400 million, launch is expected to take place by the end of next week under the dual lead of Credit Suisse First Boston and Salomon Smith Barney. Should the full amount be raised, the transaction will represent the largest ever from the Island Republic and will be similar in structure to a recent and highly successful $302 million benchmark deal from UMC, currently the second largest on record.