Formosa heats up market with $700m

Formosa Plastics Group has launched a $700m five year loan into syndication, and has quickly hit the radars of Taiwanese bankers thanks to the margin of 200bp over dollar Libor.

  • By Rashmi Kumar
  • 27 Jan 2014

Australia and New Zealand Bank is the sole bookrunner and mandated lead arranger of the transaction, according to a banker.

The Taiwanese borrower is offering lenders four participation levels. MLABs committing $100m or more earn 25bp as fees, MLAs committing $80m or more earn 20bp, lead arrangers ...

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