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Hua Nan Commercial Bank has been joined by three banks for a NT$4.7bn transaction for Chailease Finance, guaranteed by China Airlines. The arranger committed NT$2bn. Joining the facility are Land Bank of Taiwan lending NT$1.5bn, Farmers Bank of Taiwan providing NT$1bn and Tainan Business Bank taking NT$200mn.
Proceeds are to finance the purchase of an Airbus A340-300 aircraft. The borrower will lease the plane to China Airlines.