After weeks of bidding, Inotera Memories Inc has finally awarded a mandate for its $260m five-year fundraising. The victorious consortium comprises Citigroup, Taiwan Co-operative Bank, Chang Hwa Commercial Bank, Hua Nan Commercial Bank, Land Bank of Taiwan, Taiwan Business Bank and Standard Chartered.
Despite the small size, the mandate was hotly contested between two rival groups and the borrower deliberated for almost two months over the two pitches. The losing alliance consisted of Bank of Taiwan, Chiao Tung Bank, Chinatrust Commercial Bank and Taipei Bank.
The borrower is a joint venture between Nan Ya Technology of Taiwan and Infineon AG which is headquartered in Germany. A full guarantee for the loan...
