Reported 11 months ago
In the midst of an AI fervor driving syndicated loan opportunities, four major state-owned banks, including Hua Nan Bank, First Bank, Bank of Taiwan, and Cooperatives Bank, took the lead in organizing a 38.5 billion syndicated loan for Yageo Corp. The loan signifies the second largest for the second quarter of 2024, highlighting the strong demand for AI supply chain funding and promising substantial income in interest and fees for the participating banks. With a positive outlook on the syndicated loan market for the year, financial institutions anticipate a transaction volume of 650-700 billion US dollars. With Hua Nan Bank at the helm, the successful syndicated loan caters to Yageo Corp's operational needs and affirms confidence in the company's performance and future endeavors.
Source: YAHOO