Taiwan Brokerages Seek About $1 Billion of Loans as Market Booms

Two of Taiwan’s biggest securities firms are seeking nearly $1 billion of loans to expand their businesses, according to people familiar with the matter, as investors pile into a booming stock market that has become the sixth largest in the world.

Yuanta Securities Co., Taiwan’s top brokerage by trading volume, is in talks with banks over a potential syndicated loan of around NT$10 billion ($318 million), while Fubon Securities Co. is seeking up to about NT$20 billion, said the people, who asked not to be identified discussing private matters.