Taiwan

A $2.5bn loan for Taiwanese major Formosa Plastics Group launched into general syndication last week, with a big chunk to be used to finance projects in Vietnam.

Barclays is preparing to let go of investment banking staff in Asia as the UK lender continues to wind down its presence in non-core markets.

A $300m borrowing for Iris World Enterprises, an affiliate of Taiwan's Foxconn Technology Group, has been signed among eight lenders less than a month after launching into syndication.

Fubon Financial owned Dafu Media is raising an NT$59bn ($1.86bn) seven year loan, primarily to refinance existing debt and partly for operating costs.

India’s Dewan Housing Finance held a non-deal roadshow in Taipei on December 9 just a few weeks after sealing an offshore dollar loan.

Cambodia’s Union Commercial Bank has approached the loan market for a $100m three year fundraising. The borrower is majority owned by Taiwan’s E.Sun Commercial Bank.

SinoPac Securities has signed a $120m three year bullet loan, netting commitments from a group of roughly 15 lenders.

Touch-based technology provider General Interface Solutions, an affiliate of Foxconn Technology Group, has signed its latest loan at an increased size of $300m after general syndication saw 15 banks pile in.

Iris World Enterprises, an affiliate of Taiwan's Foxconn Technology Group, has picked three banks for its $300m borrowing.

A $500m five year loan for Stats ChipPac, which launched in mid September, has received commitments from three banks, according to sources familiar with the deal.

South Africa’s Investec Bank is accessing the syndicated loan market for the fifth time this year, and is shaking things up by tapping Asian bank liquidity for a $100m three year borrowing.

Nine lenders have come on board a $250m loan for General Interface Solution (GIS), a provider of touch-based technology, leading to an oversubscription.