The Industrial Bank of Taiwan has been mandated to arrange a NT$3.3bn seven-year aircraft financing for TransAsia Airways.

The loan will be used to buy back two Airbuses and three other aircraft from leasing companies.

The margin is 238bp over the average one-year fixed deposit rate of Chang Hwa Commercial Bank, First Commercial Bank and Hua Nan Commercial Bank. Lenders will also a participation fee of 5bp for a commitment of NT$200mn and a commitment fee of 25bp.