Taiwan convertible bond issuance hit a first-quarter record, driven by
technology firms raising funds in a major AI hub. Local companies sold $4.4
billion of convertible bonds in January–March, the highest ever start to a year,
led by Wiwynn Corp.’s $2 billion deal. Issuance topped $5 billion in both 2024
and 2025, despite geopolitical turmoil from the Iran war. Tech firms continue to
dominate capital markets as chipmakers and hardware providers raise funds for AI
demand, with bonds and equity sales totaling $9.4 billion in 2025 after $12.6
billion in 2024.