Taiflex closes dual-currency loan

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By Pan Yue
11 Aug 2020

Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.

The loan was split into three tranches. Tranche ‘A’ was a NT$2.5bn revolver, ‘B’ was an $80m revolver and ‘C’ was a guarantee tranche, where the banks will provide a guarantee for any commercial paper that the company issues. 

Portions ‘B’ and ‘C’ share the same credit line with ...

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