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 ...

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