Swell time for TCCI $1bn as 10 get on board

Taiwan cement corp
By Shruti Chaturvedi
31 Jul 2014

Taiwan Cement Corp’s $1bn loan, which launched into syndication at the beginning of July, is expected to go up in size after getting a great response. Ten banks have already committed to the deal and 10 more are processing their approvals, according to bankers.

The $1bn borrowing is split between a $650m five year facility that is being borrowed by Taiwan Cement Corp International (TCCI) and a $350m five year loan by subsidiary Taiwan Cement Corp International Holdings (TCCIH). Only the former is likely to increase in size, and the latter will ...

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