NT$10bn needed to fund World Peace
Taiwanese electronic components distributor World Peace Group is back in the market for a NT$10bn ($327m)-equivalent dual-currency loan. Meanwhile, a Foxconn subsidiary is seeking to refinance an old deal.
Cathay United Bank, E.Sun Commercial Bank, Mizuho and MUFG Bank are the mandated lead arrangers and bookrunners for the facility, according to a banker close to the situation.The loan is split into three tranches. Tranche ‘A’ is