Formosa seeks $600m-$800m bridge loan

Formosa Plastics Group is speaking to banks about a bridge loan of between $600m and $800m to fund a steel project, according to a banker familiar with the deal. If the funding comes to the market, it will be the Taiwanese company’s fourth loan in less than two months.

  • By Rashmi Kumar
  • 04 Sep 2013

Formosa is expected to send out a request for proposals to lenders in two weeks, and plans to use the loan proceeds to build a steel plant in Vienna, added the banker.

It was initially considering issuing a bond of the same amount, but scrapped its plans ...

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