Formosa boosts Vietnam, China unit borrowings

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By Pan Yue
12 Jun 2019

Two subsidiaries of Taiwan’s Formosa Plastics Corp have closed their offshore borrowings at bigger sizes.

Formosa Industries Corp (FIC), the group’s Vietnam unit, boosted its five year borrowing to $250m from an initial size of $200m.

Two bookrunners, CTBC Bank and Taipei Fubon Bank, retained $40m and $75m on their books, respectively.

The lead banks brought in seven participants during ...

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