What is the catch-22? A bond offering in HK or Singapore is predicated on an FN listing?
"Hey, John, heard you were seeking bond funding in HK, have you gotten your FN listing approved in Sweden to do this? "
"Why no, no I hadn't. Didn't realize that this would be an issue."
"Of course it's an issue John. How else do you think bonds have been floated in HK all these years? Without Swedes to buy, who else will buy HK bonds?"
"chuckle, lmao, chuckle."
The FN listing was a precursor to a Swedish bond offering, and nothing more. If SIAF can float a bond in HK or as a non-underwritten item, why then does the FN listing remain a pressing matter?
It doesn't, and those that value FN for more than this are truly misinterpreting its role in the first place.
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