Man-Made solution: fibre maker eyes loan for capex

Taiwan Cooperative Bank launched China Man-Made Fiber Corp’s NT$6bn ($196m) seven year loan into general syndication last week and is targeting only domestic lenders to raise demand for the deal, after pricing it at 105bp over Taiwan’s secondary CP rate.

  • 21 Mar 2013

The lead is giving lenders until April 12 to make their commitments for the multi-tranche facility. The company will use some of the money to repay an existing loan, but the rest will go to meet its capital expenditure needs, according to a banker familiar with the loan.

The ...

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