Taishin International Bank acted as the Mandated Lead Arranger for Globe Union’s NT$2.5 billion, five-year sustainability-linked syndicated loan, which was officially signed on May 29. The transaction features four key highlights:
- Total commitments reached NT$4.12 billion, representing an oversubscription of 165%, and the deal was ultimately closed at NT$2.5 billion.
- Taishin International Bank served as the Mandated Lead Arranger and Facility Agent, with active participation from government-owned and private banks, including Bank SinoPac, E.SUN Bank, Taipei Fubon Bank, Mega International Commercial Bank, First Commercial Bank, Cathay United Bank, Bank of Taiwan, Land Bank of Taiwan, and Chang Hwa Bank.
- The funds will primarily be used to repay existing bank loans and enrich mid-term working capital. This will enhance liquidity and flexibility in working capital management, stabilizing the overall financial structure and laying a solid foundation for future operational expansion.
- The facility incorporates a sustainability-linked mechanism, under which the interest rate is tied to Globe Union’s ESG performance indicators, using interest rate incentives to promote sustainable development.
The successful completion of this syndicated loan demonstrates the banks’ strong recognition and support for Globe Union’s long-term operational performance and its commitment to implementing ESG policies.
