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TAIWAN HIGH SPEED RAIL NETS US$1.24 BLN LOAN FROM SEVEN BANKS.
TAIPEI, Aug 1 Asia Pulse - Taiwan High Speed Rail Corp. (THSRC) announced Monday that it has obtained a second syndicated loan worth NT$40.7 billion (US$1.24 billion) from a conglomerate of seven domestic banks to make up the company's financial shortfall.
A spokesman for the company said THSRC Chairwoman Nita Ing signed an agreement for the loan with representatives of the seven banks: Ta Chong Bank, Fuhwa Commercial Bank, Taipei Fubon Bank, Taishin Bank, Bowa Bank, Bank of Overseas Chinese and China United Trust.
Before entering into the agreement, Ing signed a contract with Deutsche Bank to issue US$200 million in euro-convertible bonds for THSRC by the end of this ...
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Source: HighBeam Research, TAIWAN HIGH SPEED RAIL NETS US$1.24 BLN LOAN FROM SEVEN BANKS.