Taiwan

Taiwanese company Quanta Computer has selected banks to lead its latest $400m borrowing.

Taiwanese company Quanta Computer is forming the mandated lead arranger and bookrunner group for a $400m loan, four months after one of its subsidiaries sealed a much larger borrowing.

Taiwanese company Quanta Computer is firming up the mandated lead arranger and bookrunner group for a loan of $400m, four months after winding up a much larger borrowing via subsidiary Quanta International.

In this round-up, Hong Kong and Taiwan RMB deposits shrink slightly while RMB cross-border trade settlement surges to new records in both Hong Kong and China, the RQFII programme reaches Rmb410bn ($80bn), Georgia and Kyrgyzstan work on establishing RMB swap lines with China, and Nanning authorities plan a new China-ASEAN currency index.

Manulife Asset Management has appointed a new chief executive officer and chief investment officer for its Taiwan unit.

EDF has expanded its investor base into Taiwan with a $1.5bn bond, the first time a European issuer has bought a dollar bond to the Formosa market.

The Taiwan Stock Exchange (TWSE) has its hands full trying to invigorate a primary equity capital market that for years has been confined by the lack of a domestic deals pipeline. But in an interview with GlobalCapital Asia, senior executive vice-president, Lih-chung Chien, is confident the exchange will remain competitive. Rev Hui reports.

Asiamoney is pleased to present its choices for Asia’s Best Managed Companies 2015. The winners were the firms that impressed us the most through a combination of factors including innovation, financial performance and strategic execution, and after also surveying the views of regional analysts and investors. Our congratulations to all those chosen.

A subdued north Asia equity capital market, which has barely seen any activity since August, suddenly burst into life on September 16. American car rental company Hertz reduced its stake in China Auto Rental (CAR) while Taiwan’s TWi Pharmaceuticals sold GDRs on the same day to raise a combined $187m.

The Taiwanese equities market is set for a huge increase in volumes following Delta Electronics’ announcement that it has obtained board approval to issue a maximum of 170.67m new shares.

Formosa Plastics Group is holding talks with 10 to 15 lenders for a dual tranche fundraising of $2.5bn, with banks asked to submit their pricing thoughts for the loan.

A $240m dividend recapitalisation loan for Asia Satellite Telecommunications' (AsiaSat) sponsor Carlyle has seen seven banks commit so far, with one more lender awaited.