SMC wraps up loan, mulls increase to $700m
SMC Global Power Holdings has closed syndication of its $650m five year loan after seven banks came on board during the general phase. With more than $100m gathered in general, the borrower is now considering increasing the deal size by $50m.
Mega International Commercial Bank has committed $25m, while Chang Hwa Commercial Bank, First Commercial Bank and Taiwan Cooperative Bank have committed $20m apiece. Bank of East Asia and Cathay United Bank have come in with $10m each, said a banker on the deal.
They join the nine
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