Taiwanese bookrunners open Formosa $500m tap

Banks working on Formosa Plastic Corp’s loan of around $500m have taken it into general syndication, with three ticket levels available to participants.

  • By Rashmi Kumar
  • 02 Aug 2013

Launched on July 25, the loan is split into a $417m tranche and a Rmb490m ($80m) portion, both with five year maturities. The dollar loan has a margin of 110bp over dollar Libor, while the renminbi tranche is priced at 130bp over CNH Hibor.

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3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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