Monday, Advanced Semiconductor Engineering, Inc. (ASX) said it signed a five-year syndicated loan agreement for NT$12 billion with 17 banks and plans to use the proceeds to repay loans due before June 2010 and for working capital.
The Kaohsiung, Taiwan-based provider of semiconductor packaging and testing services said that the five-year syndicated loan, which was oversubscribed by more than 70%, is led by Citibank, Taipei Fubon Commercial Bank, Bank of Taiwan, Calyon Corporate and Investment Bank and First Commercial Bank.
Other syndicated loan participating banks include China Development Industrial Bank, Changhwa Commercial Bank, Chinatrust Commercial Bank, Taiwan Cooperative Bank, Cathay United Bank, Mega Commercial Bank, Yuanta Commercial Bank, E.Sun Commercial Bank, Hua Nan Commercial Bank, Bank of Tokyo Mitsubishi, Shin Kong Commercial Bank and Shanghai Commercial & Savings Bank.
ASX closed Friday's regular trading at $2.81.
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