Eastern Multimedia Co EMC, a cable TV and broadband service provider, signed its NT$13.8 billion $414 million multi tranche loan yesterday in Taipei. The deal was arranged by ABN Amro Bank, ANZ Investment Bank, Chinatrust Commercial Bank, First Commercial Bank, SG Asia and WestLB.
The transaction was completed in early January with an oversubscription of some 58%. Signing was originally scheduled for the end of January but was delayed due to the lunar new year holiday.
A total of 17 banks joined in general with the arrangers achieving a sell down of approximately 55% in the syndicated $187 million and NT$5.9 billion $177 million tranches. The...
