Wistron Corp reassures on new $850m fundraising

Taiwan’s Wistron Corp, which designs and manufactures products for companies in the technology sector, has opened up a $850m one year facility into syndication, guaranteeing it with accounts receivable (AR) of Lenovo Group, one of its main customers. The strategy is a good one, say bankers who are reassured by the reputed name backing the deal, writes Rashmi Kumar.