World Peace slices CP portion on refi

By Pan Yue
03 May 2021

Taiwan’s World Peace Industries Group has returned to loans bankers for a NT$18bn-equivalent ($645m) refinancing package. The fundraising includes a commercial paper guarantee tranche that has seen some changes as a result of scrutiny from the regulator.

The electronics distributor has mandated Chang Hwa Commercial Bank and Taipei Fubon Bank to arrange the three year borrowing. The two lead banks are in the process of obtaining internal approvals — so the deal size could be increased, depending on the approval results, according to a banker ...

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