Syndication launched for American International Credit Card loan

General syndication was launched last week for the American International Credit Card NT$8 billion ($238 million) facility. HSBC, BNP Paribas, Bank of Taiwan and Chang Hwa Commercial Bank are the mandated arrangers for the deal. Hua Nan Commercial Bank was invited to join on the top level as coordinating arranger, while Credit Lyonnais (Taiwan) has joined as an arranger. Signing of the loan is scheduled for the first week of August.