Formosa to mandate six banks for $2bn loan

By Pan Yue
28 Oct 2020

Formosa Plastics Corp has shortlisted six banks to arrange a multi-tranche financing for its Vietnam business.

The loan is split into three tranches: a $500m three year portion and a $750m five year portion borrowed by Formosa Ha Tinh (Cayman), and a $750m five year chunk to be raised by Formosa Ha Tinh Steel Corp.

The company will mandate DBS and Hua Nan ...

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