Formosa China, Vietnam units make loan comeback

formosa AS 230x150
By Pan Yue
17 Apr 2019

Two subsidiaries of Taiwan’s Formosa Plastics Corp are in the syndicated loan market raising a China onshore facility and an offshore deal respectively.

Formosa Industries Ningbo has a launched a dual-currency loan worth $273m-equivalent led by Bank of China, Bank of Taiwan and CTBC, according to sources.

The five year transaction is split into a Rmb 890m ($133m) tranche and a $140m tranche. The margins are priced at 90% of PBoC ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.