Taiwan’s banks look for ways to tackle Libor transition

By Pan Yue
24 Jun 2020

Taiwanese company Inventec has become a rare example of a company in Asia that has tweaked its loan structure to prepare for the discontinuation of Libor. Progress is still slow, but banks are slowly coming to grips with the big task ahead of them, as the market moves to a new lending benchmark. Pan Yue reports.

Bank of Taiwan and Hua Nan Commercial Bank are the mandated lead arrangers and bookrunners for notebook computer maker Inventec’s $480m revolving credit facility, said a banker close to the situation.

Unlike the company’s previous loan in 2015, which had a tenor of three years with a two year ...

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