Taiwan’s Winbond Electronics has chosen Chinatrust Commercial Bank and First Commercial Bank to arrange a US$106mn five-year term loan to buy equipment.
The margin is 90bp over Libor with a commitment fee of 20bp.
The facility will be syndicated during November.
Winbond last borrowed in February with a NT$5bn 4.5-year term loan through Taiwan Co-operative Bank, Chang Hwa Commercial Bank and HSBC (Taipei). The margin for this facility was 160bp over the CP fixing rate with a top participation fee of 20bp.