TCCI reopens $1bn with new terms on offer

cement px230
By Rashmi Kumar
03 Jul 2014

Taiwan Cement Corp has relaunched its $1bn loan into syndication, after its going-private deal failed to gather shareholder approval earlier in the year. Now the company has revised some of the terms and changed the final purpose of the fundraising ahead of opening to the market.

The loan is split between a $650m facility being borrowed by Taiwan Cement Corp International (TCCI) and $350m by subsidiary Taiwan Cement Corp International Holdings (TCCIH). Both have five year tenors, according to bankers on the deal.

Leads Australia and New Zealand Bank, BNP Paribas, DBS and Mega ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial