Formosa mandates six for $500m deal

Six Taiwanese banks have won the mandate for Formosa Plastic Corp’s loan of around $500m, which is split into dollar and renminbi tranches.

  • By Rashmi Kumar
  • 12 Jul 2013

Bank of Taiwan, Chang Hwa Bank, Fubon Bank, Hua Nan Bank, Mega International Commercial Bank and Taiwan Cooperative Bank have been picked as the bookrunners, according to a banker.

The deal is split into two: a $417m tranche and an Rmb490m ($80m) portion, both with a maturity ...

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