AU Optronics finally awards mandate

Following a hotly contested bidding process nine banks emerge with the mandate to arrange an NT$25bn deal

A nine strong arranger group has been verbally mandated by AU Optronics to arrange a NT$25 billion $722 million fundraising. The winners comprises ABN Amro Bank NV Taipei, Citibank Taipei, International Commercial Bank of China, Chiao Tung Bank, Taipei Bank, Land Bank of Taiwan, First Commercial Bank, Bank of Taiwan and Hua Nan Commercial Bank.

Bankers in Taiwan have been waiting for a long time for this announcement as bids were placed well over a month ago. The group triumphed over a three bank team that included Chinatrust Commercial Bank, HSBC and United World Chinese Commercial Bank.

The last loan deal for the borrower was a dual currency...

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