Formosa seeks $2bn, set to create new pricing benchmark for Taiwan loans

By Pan Yue
18 Sep 2020

Formosa Plastics Corp is seeking a $2bn loan that bankers expect to be priced at a record low for borrowers from Taiwan, setting a benchmark for future transactions.

Formosa’s subsidiaries are acting as borrowers for the facility. They have sent out a request for proposals to banks, inviting them to submit pricing pitches for a five year tranche and a three year tranche that comes with a two year extension option.

The loan will be used ...

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