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 tranches is four years with a grace periodĀ of three years. Repayments begin after the third year and comprise five equal semi-annual instalments.

The margin on the term loan is 70bp over primary CP...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222