Ruen Chen May Sign $1.08 Billion Loans by End June, Times Says
Ruen Chen Investment Holding Co. may sign $1.08 billion of syndicated loans with banks by the end of this month, the Taipei-based Commercial Times reported today, citing bank executives it didn’t identify.
The interest rate will be set at the 90-day commercial paper rate plus 2.7 percentage points, the newspaper said. Taiwan’s regulator yesterday approved American International Group Inc. (AIG)’s sale of Nan Shan Life Insurance Co. to Ruen Chen.
To contact the reporter on this story: Adela Lin in Taipei at firstname.lastname@example.org