Taiwan lenders win price hike from Xinyi but pressure eases
Xinyi Glass agreed to pay a higher return on its borrowings this week — finally giving Taiwanese lenders some success in their protracted campaign to trigger market disruption clauses (MDCs) on Asian loans.
But the trend is unlikely to catch on among banks outside the country and now some arrangers are optimistic that falling dollar funding terms will limit the aggression of the countrys
Taiwanese banks have attempted to trigger market disruption clauses on several deals from Korean policy banks,
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