Uni-President launches NT$4.3 billion deal

Proceeds from the facility will refinance an NT$4.3 billion NIF arranged in September 1998.

Taiwan's largest food maker, Uni-President Enterprises Corp., has mandated Bank of Taiwan, BNP Paribas, DBS and Standard Chartered to raise NT$4.3 billion $131 million through a five-year syndicated loan. Standard Chartered is the publicity agent for the transaction. General syndication, launched earlier this week, is slated for close on August 23.

The five-year facility comprises of two tranches - a term loan Tranche A and a note issuing facility NIF Tranche B. The average life of both the...

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