Arranger ICBC has closed a NT$2.65mn project financing for Taiwan’s Onyx Ta Rong Environmental Services in an oversubscribed deal, which is being scaled back and not being increased. Participants are Chiao Tung Bank, China United Trust and Investment Co, Hwatai Bank, Kaohsiung Business Bank, Land Bank of Taiwan, Lucky Bank, Overseas Chinese Bank, Pan Asia Bank, and Taiwan Business Bank.

Funds are for the construction of an incineration plant in Yun Lin.