Da Meng multi-tranche NT$5.8bn in general

By Rashmi Kumar
18 Jul 2013

Land Bank of Taiwan has launched Da Meng Development’s NT$5.8bn ($194m) multi-tranche facility into syndication, with three titles and an early bird fee up for grabs.

The loan is split into three: a 15 year tranche of NT$3.6bn, a 12 year portion of NT$1.4bn and a 15 year chunk of NT$800m, according to a banker.

Da Meng will use the loan proceeds from the largest tranche for the construction and development of hotels, tranche ...

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