Loan Week

Loan Week, June 10-16

A roundup of the latest syndicated loan market news.

Taiwan
Alpha Crystal Technology signed a NT$2.8 billion five-year credit facility on Wednesday June 15 through a consortium of seven lenders.

Final allocations saw bookrunner Mega International Commercial Bank pledge NT$625 million while Land Bank of Taiwan committed NT$600 million. Yuanta Commercial Bank gave NT$500 million, EnTie Commercial Bank and Taipei Fubon Commercial Bank lent NT$300 million each.  Chinatrust contributed NT$275 million. Participant Jih Sun International Bank provided NT$200 million.

The upsized deal is priced at 90bp above the secondary CP rate.

Proceeds are for capital expenditure and working capital.

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